12/5/2013

The city of Hanceville, Ala., should have required the developer of a failed subdivision to obtain a performance bond that would cover the costs of streets, sidewalks and other unfinished improvements, a city councilman said. The city is negotiating with the bank that foreclosed on the development to reach a deal providing for an estimated $50,000 in street paving. Officials also are looking into whether performance bonds are required as part of the city's building and planning rules.

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