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5 <br /> E <br /> I <br /> Discussion <br /> Stuart Bornstein-Windchime Point <br /> {; Design Changes-Performance Bond for Treatment Plant <br /> windchime Point Residents in attendance: Fran Doherty- OIL <br /> � <br /> Marge Harrington; and Mary Scanlan �j <br /> !+ <br /> Performance rmance Bond <br /> The Chairman recognized the Applicant who stated h�? there has ,�$,,,.r <br /> been communication between the Bonding Company and the Town i°i ql' <br /> Planner. Applicant requested direction/instructions/language <br /> from the Town regarding the - <br /> E g g exact terms of the Bond to be <br /> provided. 4 <br /> n <br /> 0 <br /> Al <br /> Applicant further brought to the Board' s attention the newly � <br /> DE P approved t � <br /> t <br /> proposed pp technology and the bonding costs associated ' <br /> therewith. <br /> .h The Chairman clarified the r <br /> equired one Hundred Twenty-Five <br /> Thousand ($125, 000 . 00) Dollars was originally intended to be a ' <br /> y <br /> was which ee in <br /> terest nterest bearing account to the Town of Mash �iI <br /> � p <br /> J <br /> to be utilized for the purpose of upgrading the system in the <br /> event problems with nitrogen in the water were discovered,.�� <br /> Al <br /> The Chairman stated Applicant is currently in violation of i <br /> the above mentioned Condition. He further explained <br /> the <br /> e <br /> possibility of reducing said amount of requirement by means of a <br /> Modification of the Special Permit. <br /> Addressing the immediate concerns of this matter, the <br /> Chairman suggested a cash account in the amount of $125, 000 - 00 '' ► <br /> h; be <br /> established with the Town, as originally required in 1989, in <br /> II <br /> order to rectify Applicant ' s current violation of <br /> which Special Permit- <br /> after <br /> p <br /> Applicant would be able to proceed with the process. " <br /> AaApplicant argued that the language stated in the ,z+ ' <br /> Modification of Special Permit states a bond requirement, not <br /> cash. The <br /> � <br /> Chairman reiterated the original violation needs to be <br /> rectified. <br /> fi Applicant informed the Board he is not prepared to post <br /> �£ $125, 000 . 00 cash; he could however rovide a bond for said amount. p <br /> within twenty-four (24) hours. Applicant again requested a <br /> "form" from Town Counsel in order to provide a bond-, ��; ; <br /> James Dorgan, reminded Applicant that he had agreed at <br /> previous Planning Board Meetings to meet with the Town Planner <br /> and the Treasurer for the purpose of establishing said bond <br /> 1 <br /> requirement.. <br /> 40 , <br /> Applicant then <br /> requested the Planning Board approve power r of <br /> negotiation be granted <br /> to the Town Planner in this regard. If �+ <br /> -2- <br /> '■' �i� <br /> :X <br /> .L <br /> 1 <br />