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PAP <br /> a , has been hired to construct the roads. This being a fairly old <br /> � c subdivision, the eight (8)- year period is close the expiration, <br /> there is an issue of growth control . His intent is to acquire <br /> building permits over the next five (5) year period. <br /> Mr. Govoni made reference to the Water Covenant, indicating 31 DDD . DD ]dollars has been aid to date. <br /> Thirty-One Thousand �$ } P <br /> Mr. Rowley stated construction is not yet completed, as the <br /> {;; frames and grates have not been set, as well as other items such <br /> 00 a bounding. He stated the amount indicated appeared to be <br /> .r correct, and noted the amount of $4, 000 . 00 for cuts and fills, <br /> been completed, <br /> � r which has been included. The rough grading has b <br /> 14� he was unsure as to the final grades, as it would relate to <br /> drainage. <br /> 1 <br /> The Chairman determined an amount of $72, 295 . 50 be posted by <br /> way of either a bond or passbook account to be held in escrow by <br /> the Town Treasurer. Upon verification to the Planning Board by <br /> ,� - the Treasurer that said funds have been deposited into the <br /> account, said Release is to be granted. <br /> i� The Town Planner pointed out the requirement for signatures <br /> " of three (3) Board Members and Notarization before said document <br /> � <br /> r <br /> 11F'A <br /> � *' could be recorded. It was agreed to continue this matter to <br /> November 19, 1997, at which time upon verification of Application <br /> and passbook, the Board would be allowed to proceed. Mr. Govoni ' s <br /> �� . �'•:� presence would not be required. (This matter concluded at <br /> 7 :2D p.m. ) <br /> h 41�1 The matter of Release of covenant-Curt Larson <br /> Wilann and Claulise Road reconvened at this point (7 :23 p.m. ) <br /> The Chairman recognized Mr. Larson, acknowledged the Request <br /> for Release and entertained a motion in this matter be made. <br /> �; • ,h The Town Planner interjected at this point, with a concern <br /> haven been expressed b Mr. Rowley. <br /> '; g P y Y• <br /> .. ,, 0 . <br /> 40 Mr. Rowley commented, with respect to the issuance of the <br /> three (3) year period, deals with whether or not you can erect a <br /> . �� building on the property, according to statute, if noted on thePlan. It is his opinion/interpretation that the la se of a three <br /> 4 <br /> P <br /> (3) year period does not necessarily remove the restriction of a <br /> park area. He suggested the Approval be modified, as it was part <br /> pp of the approved Plan. <br /> i3 <br /> Af ter some discussion, the Town Planner suggested� Jgested this <br /> �' �► matter be submitted T 'd to own counsel for determination and <br /> •., interpretation of the Statute restriction. He also questioned <br /> the process s involved with respect e ct t o making a change on the Plan. <br /> P P g �' <br /> to seek the advice of <br /> The chairman and Board Members agreed <br /> �+4 <br /> t1 <br /> ij k <br />