City of New Richmond Regular Council Agenda March 2026
Development Agreement for Fox Run Eighth Addition Approved
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Description
The City of New Richmond approved the Development Agreement with JPB Land LLC for the Fox Run Eighth Addition project, securing $802,962 in surety for over $669,000 of public improvements to be dedicated to the City.
Contract Details
Contract Amount
$669,135.00 (estimate for public improvements); $802,962.00 (required letter of credit/surety)
Vendor
JPB LAND LLC
Agency
City of New Richmond, WI
Contract Type
CONSTRUCTION
Document Date
March 9, 2026
Renewal Info
Letter of credit for 120% of public improvements cost required. Routine inspections and release of deposits as improvements are completed.
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