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FINANCIAL_SERVICESAPPROVED

City of Conway Planning Commission Minutes 2026-04-02

Extension and Reduction of Collins Walk LOC Approved

Reduction of $462,799.06 to $239,456.25City of ConwayDIAMOND SHORES LLCApril 2, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Planning Commission authorized a one-year extension and reduction of the Collins Walk subdivision infrastructure letter of credit involving Diamond Shores, LLC, cutting the guarantee from $462,799.06 to $239,456.25 through April 9, 2027. This financial instrument secures completion of required infrastructure improvements.

Contract Details

Contract Amount

Reduction of $462,799.06 to $239,456.25

Vendor

DIAMOND SHORES LLC

Agency

City of Conway, SC

Contract Type

FINANCIAL_SERVICES

Document Date

April 2, 2026

Contract Term

Extension of letter of credit to April 9, 2027

Renewal Date

2027-04-09

Renewal Info

Infrastructure letter of credit for Collins Walk Phase 1 renewed for an additional year to April 9, 2027 with a reduced principal amount of $239,456.25.

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