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<p class="MsoNormal">Good Afternoon:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Curious to know of experiences with Letters of Credit as a performance security for a residential subdivision.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Having not dealt with this form of performance bond before -figure I would check in to see if municipalities still use and allow this form of surety?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Is a Planning Board obligated to use this type (Letter of Credit) if proposed by the Developer or can they opt for an alternative?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">As always -any thoughts & insight is appreciated.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks & take care,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">-Gary <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">R. Gary Bechtholdt II</span><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">Planning & Community Development Director
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"> <o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;text-transform:uppercase">Northbridge Community Planning & Development</span></b><span style="font-family:"Calibri",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">Aldrich School -Town Hall Annex, 14 Hill Street<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">(508) 234-2447<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">Northbridge Memorial Town Hall<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">7 Main Street, Whitinsville, MA 01588<o:p></o:p></span></p>
<p class="MsoNormal"><a href="http://www.northbridgemass.org/"><span style="font-family:"Calibri",sans-serif;color:blue">www.northbridgemass.org</span></a><span style="font-family:"Calibri",sans-serif">
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"> <o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="color:#156082">WE MOVED!<o:p></o:p></span></b></p>
<p class="MsoNormal">Our new address is:<o:p></o:p></p>
<p class="MsoNormal"><b>1679 PROVIDENCE ROAD<o:p></o:p></b></p>
<p class="MsoNormal"><b>NORTHBRIDGE, MA 01534<o:p></o:p></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt">Building, Conservation, Health Department, Planning, & Zoning Board now located in separate wing of new Fire Station. Those visiting municipal offices shall
<u>proceed up driveway (stay to far left)</u> parking available front/side of building.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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