Town of Kent AgendaPacket Town Board Meeting 2026-06-02
Stormwater Facilities Bond Issued by Bay Properties
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Description
BAY PROPERTIES NY, LLC has issued a $72,460.00 stormwater management performance bond to the Town of Kent for construction of required drainage facilities at 1264 Route 52, with the bond to be reduced to $15,000.00 after construction for ongoing maintenance. The bond secures the town’s ability to complete or repair the facilities if the developer fails to do so.
Contract Details
Contract Amount
$72,460.00 (reducible to $15,000.00 after construction)
Vendor
BAY PROPERTIES NY LLC
Agency
Town of Kent, NY
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Renewal Info
Initial construction bond of $72,460.00 converts to a reduced $15,000.00 bond for long-term maintenance after facilities are completed and accepted; bond remains until released by the Town.
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