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..Ilaiuryer ;r (�r'ie. <br />ORANGE COUNTY <br />HiLI_SBOROUGH <br />NORTH C'AROLI:\A <br />MEMORANDUM <br />TO: Board of County Commission rs <br />I <br />FROM: John Link, County Manager <br />DATE: January 21, 1992 <br />SUBJECT: Tanglewood Acres - Update <br />On January 16, 1992 Mary Scearbo and I met Khye Weng Ng and Guat <br />Cheng Ng at the Tanglewood Acres Subdivision to discuss the status <br />of Storey Lane and view the road improvements which had been made <br />in early summer. <br />We discussed the notion of delaying actual construction for one <br />year with a letter of credit or other form of security. This would <br />allow for recordation of the plat, and the sale of lots prior to <br />road construction. This solution is administrative and does not <br />require any action of the Board of Commissioners. <br />Mary Scearbo spoke with Khye Weng Ng this morning. He expressed <br />total willingness to post a letter of credit and was very pleased <br />with the resolution of this issue. He also indicated that since <br />his problem has been resolved, he would probably not be present at <br />tonight's meeting. <br />