Derry Planning Board Meeting Minutes April 2026
Planning Board Approves Letter of Credit with Bangor Savings Bank
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Description
The Derry Planning Board approved establishment of Letter of Credit #544 with Bangor Savings Bank in the amount of $8,395.00 to serve as performance security for the Derry Motor Fuel Outlet project at 56 Crystal Avenue, expiring March 10, 2027. This financial instrument provides assurance for completion of required site improvements.
Contract Details
Contract Amount
$8,395.00
Vendor
BANGOR SAVINGS BANK
Agency
Derry Housing & Redevelopment Authority, NH
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
Until March 10, 2027 (expiration date of Letter of Credit #544)
Renewal Date
2027-03-10
Renewal Info
Letter of Credit #544 in the amount of $8,395.00 is established as an irrevocable performance bond for the Derry Motor Fuel Outlet project with an expiration date of March 10, 2027. Any renewal or extension beyond that date would require separate future action.
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APPROVEDIssuing Agency
Derry Housing & Redevelopment Authority
Local Housing Authority
Derry, NH
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