Late last year MetroConnects threw Greenville County government, and developers and home builders, a curve ball when they announced that they would no longer accept a financial security guarantee deposited by the developer with Greenville County. This announcement had the effect of adding several months to the process of finishing a development and making it ready for builders to buy lots and begin building homes.
After considerable negotiation and lobbying, that included your Home Builders Association, Greenville County announced Friday that the current Financial Security Process will remain unchanged–for now. This is good news. Read the county’s announcement below:
Over the past few months there has been some discussion about modifying the process for acceptance of the line item cost for sewer and water completion.
Until further notice, the process will remain the same to include the line item for these costs. All parties have agreed to discuss this further with all the sub-sewer districts and develop one policy that applies to the entire county. Once a final decision is reached ample notices will be given if the current policy is changed.
The current policy is still subject to review by the utility provider and approval by the Assistant County Administrator for Community Planning, Development and Public Works or her designated representative. If approved, the cost estimate form for financial security shall include the full cost of the installation of the water and sewer lines. Additionally, the financial security amount shall be based on 125% of the cost estimate approved by the County at the time financial security is accepted.
Subdivison Administration Team
Land Development Division