SURF CITY — The first 60 lots of Surf City’s Waterside development will be presented to Council next week for final approval, along with a $2-million security bond to ensure certain infrastructure improvements.
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Required improvements for the development’s first phase of construction include roughly $114,000 for erosion control, $969,000 for onsite and offsite roadways, $191,000 for stormwater infrastructure, and $231,000 for landscaping and amenities.
During a work session on January 17, new Town Planner Amy Kimes said additional security bonds are needed to cover work on JH Batts Road, according to town minutes of a January 17 council work session.
The development’s first 60 lots are part of the initial phase of construction, which will include a total of 170 lots. New Surf City Town Manager Kyle Breuer has requested the $2 million-bond come in the form of an escrow account.
According to the minutes, the town will continue working to reach a development agreement to provide design and construction of the remaining portion of work on J H Batts Road.
Town councilmembers will vote on the final plat approval for the 60 lots and the security bond on Tuesday, February 4.
National homebuilder D.R. Horton is building out the Waterside development. Work is currently being performed on the land to develop the lots prior to home construction.