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Real Estate & Property Law

: Law of the Land

Missouri Supreme Court Orders Bond Developer Posted to be Disbursed After Breach

By Patty Salkin

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In developing the Winter Valley subdivision in Jefferson County, Essex Contracting Inc. agreed to adhere to the county?s subdivision regulations, which required Essex to post three separate bonds totaling nearly $3.6 million so it could work on all three phases of construction before the final plat was approved. Construction began in 1995 and was to [...]

Full post as published by Law of the Land on March 24, 2009 (boomark / email).

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