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<br />'-' <br /> <br />-2- <br /> <br />in this being a nice subdivision. <br />Mr. Lawson advised that Mr. Fox was seeking preliminary approval <br />and if the Board did approve the preliminary plat, then they would <br />ask that an amount be set for the performance bond. He indicated <br />that the bond would be on the street only because that is the only <br />improvement going in. There will be no sewer or water facilities <br />required. It was his belief that the ordinance required the bond be <br />in the amount of ten percent (10%) of the proposed cost. Attorney <br />Ksenak interjected that the ordinance required a one hundred percent <br />(100%) performance bond and not merely ten percent (10%). Mr. Lawson <br />showed a copy of the ordinance which was published in the newspaper <br />which did reflect a ten percent (10%) bond. Attorney Ksenak indicated <br />that that was an error and that the ordinance did in fact require <br />one hundred percent (100%) of the cost for the bond. <br />The Board then went through the ordinance determining whether <br />the requirements for primary approval had been met. The Board <br />found that all requirements had been met except that the Plat needed <br />to reflect the location, type, material and size of all monuments <br />and landmarkers. <br />David Lawson indicated that contrary to the previous indications, <br />the County will in fact accept a dedicated street from the Town. <br />Delbert Hobson was asked to estimate the cost of the proposed <br />road. Mr. Hobson felt the road could be constructed for forty <br />dollars ($40.00) per lineal foot. The Board determined that this <br />totaled out to three hundred sixty-eight thousand dollars ($368,000.00). <br />~ <br />Bill Abbott moved to raise the amount of the performance bond <br />