Town of Leland Council Regular Meeting Agenda 2026-06-18
Performance Guarantee Approved for Savannah Branch Town Center
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Description
The Town of Leland adopted Resolution R-26-024 establishing a new Performance Guarantee Agreement with Branch Columbia Leland Associates, L.P. for Savannah Branch Town Center, backed by an $854,407.50 surety to cover required improvements over a one-year term.
Contract Details
Contract Amount
$854,407.50 (surety amount discussed)
Vendor
BRANCH COLUMBIA LELAND ASSOCIATES LP
Agency
Town of Leland, NC
Contract Type
OTHER
Document Date
June 16, 2026
Contract Term
One-year performance guarantee (stated as typical)
Renewal Info
Performance guarantee is initially for one year and may be renewed or replaced annually until all required improvements are completed and accepted; specific renewal mechanics will be handled administratively.
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