Town of Leland Council Regular Meeting Agenda 2026-06-18
Leland Secures Stormwater Improvements for Terrapin Phase 4
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Description
Leland Town Council adopted Resolution R-26-019 approving a new Stormwater Performance Security Agreement with Terrapin Phase 4 NC, LLC for the Terrapin Phase 4 project. The agreement secures completion of stormwater infrastructure.
Contract Details
Vendor
TERRAPIN PHASE 4 NC LLC
Agency
Town of Leland, NC
Contract Type
OTHER
Document Date
June 16, 2026
Contract Term
One-year stormwater performance security (typical)
Renewal Info
Performance security agreements are commonly renewed or replaced annually until required improvements are completed and accepted; specific renewal provisions were not stated.
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