Lawrence County Commission AgendaPacket Meeting Agenda and Information 2026-06-23
Lawrence County Secures $682K Letter of Credit for Subdivision
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Description
Lawrence County Commission approved an amended Irrevocable Standby Letter of Credit from Stockman Bank of Montana in the aggregate amount of $682,165.30 to guarantee completion of Hidden Pines Subdivision improvements through May 2027. The Letter of Credit supports the subdivision infrastructure per approved engineering plans.
Contract Details
Contract Amount
$682,165.30
Vendor
STOCKMAN BANK OF MONTANA
Agency
Sapphire Lane Road District, SD
Contract Type
FINANCIAL_SERVICES
Document Date
June 20, 2026
Contract Term
Effective June 23, 2026; Satisfaction/Expiration Date: May 26, 2027
Renewal Date
2027-05-26
Renewal Info
Amendment #2 extends Letter of Credit validity; upon substantial completion, may reduce to 15% warranty security until official closeout.
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Lawrence County Commission AgendaPacket Meeting Agenda and Information 2026-06-23
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