Town of Victor Resolution Patrick Coates Resignation Zoning Board of Appeals
Letter of Credit for Bluestone Trail Partially Released
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Description
Canandaigua National Bank’s Irrevocable Letter of Credit for the Bluestone Trail project was partially reduced by $368,427.89 following Town Board approval of Release No. 5. The surety now totals $1,604,259.18, continuing to secure project improvements.
Contract Details
Contract Amount
$368,427.89 release; $1,604,259.18 remaining on Irrevocable Letter of Credit
Vendor
CANANDAIGUA NATIONAL BANK
Agency
Village of Victor, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 7, 2026
Renewal Info
Represents an ongoing letter of credit with periodic releases; remaining balance continues until subsequent approvals and final close-out.
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