Town of Victor Resolutions Packet May 2026
Town Accepts Chick-fil-A Letter of Credit for Improvements
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Description
Victor Town Board accepted a $558,749.68 letter of credit and a $22,349.99 construction, administration, and inspection fee from Chick-fil-A as surety for required site improvements for a new drive-thru restaurant. The Town may draw on the letter of credit if it is not renewed at least ten days before its September 25, 2025 expiration.
Contract Details
Contract Amount
Letter of Credit/Surety: $558,749.68; Construction, Admin and Inspection fee: $22,349.99
Vendor
CHICK-FIL-A
Agency
Town of Victor, NY
Contract Type
OTHER
Document Date
May 15, 2026
Contract Term
Until Letter of Credit expiration date September 25, 2025, subject to renewal
Renewal Date
2025-09-25
Renewal Info
Letter of Credit must be renewed at least 10 days prior to its September 25, 2025 expiration or the Town will draw the balance and hold funds until improvements are accepted.
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