town-of-hudson-planning-board-bond-reduction-request-for-landscaping_74e.pdf
Hudson Board Weighs Clayco Landscaping Bond Reduction
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Description
The Hudson Planning Board is considering a Clayco, Inc. request, on behalf of Target Corporation, to reduce the landscaping letter of credit from $5,450,220.00 by $3,526,462.84, leaving a security balance of $1,923,757.16 for onsite landscaping improvements. Planning staff recommend approval as the remaining balance exceeds the 10% maintenance requirement.
Contract Details
Contract Amount
$5,450,220.00 (original Landscaping Letter of Credit); reduction of $3,526,462.84 leaving $1,923,757.16
Vendor
CLAYCO INC
Agency
Town of Hudson, NH
Contract Type
CONSTRUCTION
Document Date
August 27, 2025
Renewal Info
Bond originally established in July 2024 at $5,450,220.00 for landscaping improvements; current action would reduce the amount while maintaining more than the 10% maintenance threshold. No explicit renewal or expiration date stated.
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