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531.92 RESOLUTION REGARDING INSPIRATION PARK RESOLUTION NO. 531, 92 INTRODUCED BY: Mr. Michel Brandt WHO MOVED IT'S ADOPTION SECONDED BY: Mr. Nick Caimano RESOLVED, to approve the concept of bonding for the Inspiration Park Project, such that the Town's interest in having the infrastructure fully complete before occupancy of any home occurs and such that the Town's interest is protected in the event that infrastructure is not complete at the expiration of roughly one year from the month of September, time being made of the essence, and such that the Town may draw upon the bond or seek completion of the infrastructure by the bonding company should the infrastructure not be completed which would include the roads to the Town's satisfaction and with the form of the bonding to be in such form, sufficiency and manner as shall be approved by the Town Attorney to protect the Town's interest, and BE IT FURTHER RESOLVED, that once a performance bond and all the necessary agreements have been executed by the Town Supervisor on behalf of the Town Board, the Town Building Department may issue building permits for the houses at the project site and specifically the Town Board hereby notes, that no certificate of occupancy shall be issued by the Town Building Department until such time as the roads and other infrastructures are properly completed and accepted for dedication by the Town and until such time as all utilities are fully installed. Duly adopted this 28th day of September, 1992, by the following vote: AYES: Mrs. Monahan, Mrs. Goetz, Mr. Caimano, Mr. Brandt NOES: Mr. Tucker ABSENT: None