Village approves Five Star Bank letter-of-credit release
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Description
The Village of Webster will authorize Five Star Bank to release $454,303.52 under Letter of Credit Release No. 1 for the Greenbriar Crossing Section 4 project, leaving a balance of $146,300.26 secured. The Clerk is authorized to send the necessary instructions to the bank to facilitate this financial release.
Contract Details
Contract Amount
$454,303.52
Vendor
FIVE STAR BANK
Agency
Village of Webster, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Renewal Info
This is Release No. 1 under an original letter of credit totaling $600,603.78, leaving a remaining balance of $146,300.26 available for future releases.
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