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COMMISSIONER SCHMUCKER POINTED OUT THAT THE $160,000 PERFORM- <br />ANCE BOND CALLS FOR APPROVAL BY THE ADMINISTRATOR OF ANY RELEASES. <br />DISCUSSION CONTINUED, AND THE ADMINISTRATOR STATED THAT <br />RATHER THAN APPROVE THE AMOUNT ALREADY WITHDRAWN, HE FELT THE PERFORM- <br />ANCE BOND SHOULD BE CHANGED TO SHOW THE ACTUAL AMOUNT NOW NEEDED, PLUS <br />THE $30,000 OVERRIDE. <br />ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY COMMISSIONER <br />LOY, THE BOARD.UNANIMOUSLY RESCINDED THEIR PREVIOUS ACTION IN REGARD <br />TO ACCEPTING THE $160,000 BOND. <br />ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY COMMISSIONER <br />DEESON, THE BOARD UNANIMOUSLY AGREED TO ACCEPT A PERFORMANCE BOND FROM <br />THE IDLEWYLD CORPORATION, INC., IN THE AMOUNT OF $118,067.05, SUBJECT <br />TO'VERIFICATION BY THE ADMINISTRATOR THAT THIS CONSTITUTES SUFFICIENT <br />FUNDS TO COMPLETE THE WORK. <br />ON MOTION BY COMMISSIONER SIEBERT, SECONDED BY COMMISSIONER <br />SCHMUCKER, THE BOARD UNANIMOUSLY GRANTED FINAL APPROVAL TO CASTAWAY <br />COVE SUBDIVISION SUBJECT TO ISSUANCE OF THE CORRECTED PERFORMANCE BOND. <br />CORRECTED PERFORMANCE BOND AND CERTIFICATION FROM LLOYD AND <br />ASSOCIATES ARE HEREBY MADE A PART OF THE MINUTES. <br />10 <br />' <br />y <br />d <br />APR <br />19 1978 " <br />, <br />