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July 25, 2010 I Volume 4 I No. 14 Zoning Bulletin <br />Impact Fees —Developer seeks return of <br />performance bond impact fee, citing town's <br />improper accounting of fund <br />Town says improper accounting should not result in <br />developer's windfall <br />Citation: Clare v. Town of Hudson, 2010 WL 2383799 (N.H. 2010) <br />NEW HAMPSHIRE (06/16/10)—This case addressed the issue of <br />whether an entire performance bond fund should be returned to a devel- <br />oper when a portion of the bond fund is improperly accounted for. <br />The Background/Facts: Michael Clare was a trustee of the Horizon <br />Realty Trust ("Horizon"). In August 2000, the town's planning board <br />(the "Board") approved Horizon's proposed subdivision (the "Subdivi- <br />sion"). In conjunction with that approval, the Board required a perfor- <br />mance bond of $81,705 "for improvements to Bush Hill Road at its in- <br />tersection with Flying Rock Road." Horizon paid the performance bond <br />in September 2000. <br />In 2006, Clare inquired about the status of his performance bond. <br />The town informed him that the project to make improvements at the <br />subject intersection had been delayed until spring of 2007. In August <br />2007, Clare again inquired about the status of his performance, bond. <br />2 <br />ess3�SX��v�F..Sr3 vi.. r'iE•.�L <br />ctre I i a as <br />d io prac[ke law in apartii, <br />ttier professional'ativice� and"thi <br />.,:-Fre e.,�aIor, s-u.•s-...., <br />-gurre�le�gal or"other expert <br />piofessiQpal.1 -' <br />is Zoning ¢uiletin: is:pubhshedaand.copyrighted by; Thoinsdn Rafters; 610 Opgerman Drive, P.O. Box <br />64526 St.Paul,' MN 55164-0526. For subscription information' call (800) 229-20134 er'write West <br />Credit Order Processing, 6260Pperman Drive, PO Box 64833, 5t. Paul, MN 55164-9753.-+ - POSTMASTER: Send address changes to, Zoning Bulletin, 610 Opperman Drive, P.O. Box 64526 5t. <br />Paul, MN 55164-0526. <br />WEST® <br />610 Opperman Drive • P.O. Box 64526 • St Paul, MN 55164-0526 <br />1-800-229-2084 • email: west.customerserWce®thomsonreuters.com • west.thomsan.com/quinlan <br />ISSN 0514-7905 • ® 2010 Thomson Reuters. All Rights Reserved. <br />QuinlanTM is a Thomson Reuters brand. <br />© 2010 Thomson Reuters <br />100 <br />