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Real Estate & Property Law

: Law of the Land

New Hampshire Supreme Court Holds that Town Was Not Authorized to Expend Full Amount of Performance Bond Filed by Developer

By Patty Salkin

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The Town approved the plaintiff?s application for a subdivision, requiring the developer to post a performance bond of $81,705.  The bond was to be used for certain improvements to an intersection used by the subdivision. Beginning in 2005, the Town took steps to prepare for improvements to the subject area, using the bond to finance [...]

Full post as published by Law of the Land on August 25, 2010 (boomark / email).

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