WQ0041812_Owner (Affiliation Change)_20220110

State of North Carolina
Department of Environmental Quality
Division of Water Resources
SEWER SYSTEM PERMIT OWNERSHIPINAME CIIANGE
ter Resources INSTRUCTIONS FOR FORM: PNOCF 01-16
is for ownership changes or name changes of a sewer system permit. Please note that "Permitter" references the
e permit holder, and that "Applicant" references the entity applying for the ownership/name change.
,verpermits start with a WQ or WQCS and contain the terms sewer extension or collection system in the subject field. This
,orm should not be used for permits with NC, NCG, SW or other types of non -sewer permits beginning with WQ.
Por more mformanon, visit the Division's Winer• Quality Pernliirittg's• it+ hILW:
A. Seger System Permit Ownership/Name Change (FORM: PNOCF 01-16) Application (Al! Applications):
0 Submit an original completed and appropriately executed application (PNOCF 01-16).
® The F,xisting Permitice's Certification shall be .signed in accordance with lC O
5A NCAZT .0ld(gbl, Per ,4 ' f 2
N
.010, d. an alternate person may be designated as tits signing official if a delegation letter is provided from a person who
meets the criteria in U NCAC 02T.01(b�.
® The Applicant's Certification shall he signed in accordance with W.N9AC 027 .01%4), Per 15A NCACOZ_��0h(�, an
alternate person may be designated as the signing off if a delegation lever is provided from a person who meets the criteria
in JA_NCA b2T .01061b).
H. Existing Permit (All Applications):
0 Submit a copy of the most recently issued permit and certification.
C. Property Ownership Documentation (All Applications):
Y The Applicant shall demonstrate they are the owner of all property containing the sewer system facilities:
® Legal documentation of ownership (i.e., Ci15, deed, article of incorporation, or contract), or
El Written notarized intent to purchase agreement signed by both panics with a plat or survey map, or
i] Approved board minutes
1). Certificate of Public Convenience and Necessity (All Applications where the Applicant is a Privately -Owned Public Utility).
❑ Per ISA_)VGAL' 0 T , t ._ a 1 , provide one copy of the Certificate of Public Convenience and Necessity from the ` oqt ,
Canilipa Ut litics ('yn ixsign demonstrating the Applicant is authorized to hold the utility franchise lair the area to be served
by the non -discharge system
F. Operational Agreements (App: ications where the Applicant is a FlomeTroperty Owners' Association or Developer of lots to be
sold):
r I IomafPro •rt Owners' Associations
❑ Pcr I NCAC.02 .01 15(cl, submit an original properly executed OperaliiUnaL A recni4nt {1Ft}Rli+t: }{q.
0 Per 15A NCAV 021,01 I.Sfc}, submit an original proposed or approved Articles of Incorporation, Deciarations and By-
laws that contain the language required by the Operational Agreement.
Y 1)cvelopem' of lots to be sold
❑ Per 1 SA NC ' 02T. i01 b , submit an original of the properly executed Ofrefaliamal , rec nt ei
� _
F. Package Submitted in Duplicate
0 Submit a copy of all required documents in Instructions A-E as required
THE. COMPLETED APPLICATION AND SUPPORTING DOCUMENTATION SHALL, BE SUBMITTED IN DUPLICATE
TO:
NCDEQ - DWR
Water Quality Permitting Section
PERC'S Unit
By U.S. Postal Service: B - Courier/Special Delivery:
1617 MAIL, SERVICE CENTER1Z G1, 5AI.1S6 1RY S'T
RALEIGH, NORTH CAROLINA 27699-1636 SUI
HALEI III, NORTH C'AROLINA 27604
TEL.F:11IIONE NUMBER: [phone]
INSTRUCTIONS FOR APPLICATION PNOCF 01-16 Page I of I

DWR
Division of Water Resources
1. EXISTING PERMITTEE INFORMATION:
State of North Carolina
Department of Environmental Quality
Division of Water Resources
SEWER SYSTEM PERMIT OWNERSIIIPINAME C'IIANGE
INSTRUCTIONS FOR FORM: PNOCF 01-16
1. Pennittee's name: Chatham Park Investors LLC
2. Signature authority's name. Timothy R_Smith per 15A NCAC 02T .0106(bl
3. Signature authority's title: Vice-Prcrj4enl
4. Pennittee's mailing address: 105 Weston I_staws Way
City: C
Lary State- NC Zip: 21513
5. Permittee's contact information: Phone number: (919} 4R 11- 0�00 Fax Number (_)
Email Address: robin(a) restondev.com
U. APPLICANT INF RMATI N:
I. Applicant's name: Town of Pittsboro
2. Signature authority's name, Kent Jackson per 15A NCAC 02T .0106(b)
3. Signature authority's title: Town En inccr
4. Applicant's mailing address: P.O. Box 759
City: Pittsboro State: NC- "Lip: 27312-..--
5. Applicant's contact information: Phone number: [phone] Fax Number
Finail Address:acksput',si�tsbowoutc.}�v
6. Representative's name: Nicholas J. Antrillix P.I~,
7. Representative's title: Project Manager
8. Representative's contact information Phone number. [phone] Fax Number
Finail Address: nantrilli(tlwithcrsravencl.com
III. PERMIT INFORMATION.
1. Existing penult number: )AL
00041812 and most recent issuance date: September 30, 2020
2. Reason for the permit application: Select If other, attach detailed explanation
3. I las the facility been constructed? ® Yes or ❑ No
4. Ilas the facility been certified per 15A NCAC 02T .01167 ❑ Yes or ® No
FORM: PNOCF 01-16 Page I of 2

IV. CERTIFICATIONS;
Existing Permittec'sCertification per 1,5A NCAC §ZT,020(gb)-
1, Timothy R. Smith Vice President attest that this application
(Signature Authority's name & title from Application Item 1.2 & 3)
has been reviewed by me and is accurate and complete to the best of my knowledge. I understand that prior to reissuance of the permit
into the Applicant's name, I will continue to be responsiblc for compliance with the current permit and any discharge of wastewater
from this system to surface waters or the land may result in an enforcement action that may include civil penalties, injunctive relief,
and/or criminal prosecution. I will also make no claim against the Division of Water Resources should a condition of the existing permit
be violated. I also understand that if all required parts of this application are note completed and that if all required supporting
information and attachments are not included, this application will be returned to me as incomplete.
NOTE - In accordancc with General Statutes �41-215.bA and dl 3-215,6B, any person who knowingly makes any false statement,
representation, or certification in any application package shalt be guilty of a Class 2 misdemeanor, which may include a tine not to
exceed $10,000 ac wet s up to 25.000 per violation.
Signature: _ Date:
Applicant's Certification per 15A_N['AC 02-1..0i0bfh)
1, Kcal JUcWil ►vo Engineer
(Signature Authority's name & title from Application Item 11.2&3,)
attest that this application
has been reviewed by me and is accurate and complete to the best of my knowledge, I understand that alter issuance of the permit into
the Applicant's name, I will be responsible for compliance with the issued permit and any discharge of wastewater from this non -
discharge system to surface waters or the land may result in an enforcement action that may include civil penalties, injunctive relief,
and/or criminal prosecution. I will make no claim against the Division of Water Resources should a condition of this permit be violated.
also understand that if all required parts of this application package are not completed and that if all required supporting information
and attachments are not included, this application package will be returned to me as incomplete.
NOTE: In accordance with General Statutes 141-115,(,A and 1441215,6 , any person who knowingly makes any false statement,
representation, or certification in any application package shall be guilty of a Class 2 misdemeanor, which may include a fine not to
exceed $10.000 as well a civil penalties up to $25,000 per violation.
Signature: Date_ 01 10712022
FORM: PNOCF 01 16 Page 2 of 2

BK 2268 PG 0030
hCD°pt °f Envtro"m
en:at QUAuhr
JAN
2
'Wegb Reg�p�t 047
FILED
CHATHAM COUNTY NC
LUNDAY A. RIGGSBEE
REGISTER OF DEEDS
FILED Dec 02, 2021
AT 01:40:53 pm
{BOOK 02268
START PAGE 0030 '
.END PAGE 0042
.,INSTRUMENT # 18592
EXCISE TAX (None)
Prepared By: Kenneth L. Eagle, 105 Weston Estates Way, Cary, NC 27513
(Utilizing form drafted by the Town Attorney for the Town of Pittsboro)
Mail To: Town of Pittsboro, Attn: Town Engineer, P.O. Box 759, Pittsboro, NC 27312
STATE OF NORTH CAROLINA
SUBDIVISION IMPROVEMENT AGREEMENT
COUNTY OF CHATHAM
THIS SUBDIVISION IMPROVEMENT AGREEMENT ("the Agreement") made and
entered into this the - JoYn day of N0*M4M , 2021 by and between Chatham
Park Investors LLC, a North Carolina limited liability company., with a mailing address of 100
Matrix Drive, Box 8000, Cary, NC 27513 ("the Developer") and the Town of Pittsboro, a North
Carolina municipal corporation, with a mailing address of Post Office Box 759, Pittsboro, North
Carolina 27312 ("the Town"), Developer and Town also being referred to herein individually as
a "Party" and together as the "Parties".
The "Effective Date" of this Agreement is the date that the Town approves the final
subdivision plat (the "Final Plat") for the real property described in Exhibit A attached hereto
and incorporated by reference (the "Property") that is part of the real property zoned by the
Town as Chatham Park Planned Development District ("PDD") and that either is in the Town
limits or is subject to a petition for annexation into the Town limits.
WHEREAS, the Developer seeks Town approval by the Final Plat to subdivide the
Property to be known as "Chatham Park Section 5.1 - Subdivision West Phase 2B" Town Project
# SUB-2018-02 and CD 2020-02, (the "Subdivision"); and
WHEREAS, the Town seeks to protect the health, safety and general welfare of the
community by requiring the completion of various improvements for the Subdivision and
thereby to limit the harmful effects of substandard subdivisions, including premature subdivision
which leaves property undeveloped and unproductive; and
WHEREAS, the purpose of this Agreement is to protect the Town from the cost of
completing Subdivision improvements itself and is not executed for the benefit of material
furnishers, laborers, or others providing work, services or material to the Subdivision or for the
benefit of lot or home buyers in the Subdivision; and

BK 2268 PG 0031
Subdivision Improvement Agreement
Page 2
WHEREAS the mutual promises, covenants and obligations contained in this Agreement
are authorized by state law and the Town's Unified Development Ordinance ("UDO");
NOW, THEREFORE, the Parties hereby agree as follows:
A. DEVELOPER'S OBLIGATIONS
1. IMPROVEMENTS: The Developer will construct and install, at its own expense,
those on -site and off -site improvements for the Subdivision required by the Town, as set forth in
the records of the Town approving the PDD (including the associated "Master Plan" and
"Additional Elements") and the Subdivision, applicable provisions of the UDO, and applicable
provisions of Town standard specifications, including without limitation, all correspondence,
cost estimates, subdivision plats, and other filings, which records are incorporated in this
Agreement by reference (together, the "Town Requirements"), including those "Public
Improvements" and "Private Improvements" described in Exhibit B attached hereto and
incorporated herein by this reference (individually and together, the "Improvements"). The
Developer's obligation to complete the Improvements or post a performance guarantee (as
described herein) for their completion arises prior to Final Plat approval by the Town in
accordance with UDO Section 10.3.4, will be independent of any obligations of the Town
contained herein, and will not be conditioned on the commencement of construction in the
development or sale of any lots or improvements within the development.
2. PERFORMANCE GUARANTEE: On or prior to the Effective Date and in
accordance with UDO Section 10.3.4 and North Carolina General Statutes Section 160D-804.1,
the Developer shall deposit with the Town a "performance guarantee" to assure successful
completion of the Improvements. The amount of the performance guarantee shall be determined
by the Town Engineer but shall not exceed one hundred twenty-five percent (125%) of the
reasonably estimated cost of completion of the Improvements at the time the performance
guarantee is issued. The Parties agree that the reasonably estimated cost of completion of the
Improvements is contained in a completion estimate letter to the Town from Robert T. Oldham,
Professional Engineer, of WithersRavenel, dated September 21, 2021, a copy of which is
attached hereto as Exhibit C and incorporated by reference.
3. STANDARDS: The Developer shall construct the Improvements (or cause the
Improvements to be constructed) according to the standards and specifications required by the
Town as set forth in the Town Requirements.
4. WARRANTY: The Developer warrants that each Public Improvement will be free
from defects for a period of one year from the date of the Completion Certification (as defined
herein) for that Public Improvement (the "Warranty Period").
5. COMPLIANCE WITH LAW: The Developer will comply with all relevant and
applicable laws, ordinances, and regulations in effect at the time of final Plat approval when

BK 2268 PG 0032
Subdivision Improvement Agreement
Page 3
fulfilling its obligations under this Agreement_ When necessary to protect public health, the
Developer will be subject to laws, ordinances and regulations that become effective after final
plat approval.
6. DEDICATION: The Developer will dedicate to the Town the Public Improvements
pursuant to the procedure described in Paragraph 13.4 below.
B. TOWN'S OBLIGATIONS
1. PLAT APPROVAL: The Town will grant final Plat approval upon the execution of
this Agreement by the Developer and the delivery of the performance guarantee to the Town.
2. INSPECTION AND COMMENCEMENT OF WARRANTY PERIOD; Upon
completion and installation of the Public Improvements in accordance with Town Regulations
or, the Developer may request the Town Engineering Department to inspect the completed
Public Improvements. If the Town determines that such Public Improvements have been
constructed and installed in compliance with Town Requirements, within ten (10) days after the
inspection the Town shall issue to the Developer either a written "Completion Certification" and
the Warranty Period shall commence on the date of the Completion Certification. If the Town
determines that the construction and installation of the Public Improvements do not comply in all
respects with Town Requirements (such failures of compliance being referred to herein as
"deficiencies"), within ten (10) days after the inspection the Town shall issue to Developer a
written "punch list" of the deficiencies to be corrected before issuance of a Completion
Certification. Upon correction of the deficiencies the Developer may again request inspection of
the completed Public Improvements by the Town Engineering Department for compliance with
Town Requirements and issuance of a Completion Certification. The foregoing process shall
continue until all deficiencies are corrected, whereupon the Town shall issue the Completion
Certification for commencement of the Warranty Period. Before the Town issues a Completion
Certification of any such Improvement, the Developer shall present to the Town valid lien
waivers from all persons providing materials or performing work on the Public Improvements
subject to the Completion Certification. Issuance of a Completion Certification by the Town does
not constitute a waiver by the Town of the right to draw funds under the performance guarantee
on account of defects in or failure of any Improvement that is detected or which occurs following
such Certification and prior to the Town's acceptance of the maintenance obligation for the
applicable Public Improvement.
3. CURE OF DEFICIENCIES: The Developer will have thirty (30) days from the
receipt of a written punch list of deficiencies within which to cure or substantially cure the
deficiencies. The Town may not declare a default under this Agreement during the thirty (30)
day cure period unless the Developer notifies the Town that it does not intend to cure the
deficiencies. The Developer will have no obligation to cure deficiencies in any Public
Improvement found to exist or occurring after the Town accepts the maintenance obligation for
that Public Improvement.

BK 2268 PG 0033
Subdivision Improvement Agreement
Page 4
4. ACCEPTANCE OF DEDICATION: Town acceptance of the dedication of the
Public Improvements shall be by resolution of the Town Board of Commissioners. The Board of
Commissioners may condition the Town's acceptance of dedication of the Public Improvements
on the delivery to the Town of a policy of title insurance for the benefit of the Town showing
that the Developer is the fee simple owner of the real property on which the Public
Improvements are constructed or installed and that there are no liens, encumbrances, or other
restrictions on the Public Improvements unacceptable to the Town in its reasonable judgment.
Acceptance by the Town of the dedication of any Public Improvement does not constitute a
waiver by the Town of the right to draw funds under the performance guarantee on account of
any defect in or failure of the Improvement that is detected or which occurs after the acceptance
of the dedication.
5. REDUCTION OF SECURITY: After the issuance of a Completion Certification for
a Public Improvement, the amount which the Town is entitled to draw on the performance
guarantee will be reduced by an amount equal to 90% of the estimated cost of that Public
Improvement. At the request of the Developer, the Town will issue a written verification for
reduction of the performance guarantee and for waiver of its right to draw on the performance
guarantee to the extent of amount of the reduction. If the performance guarantee is cash, the
Town shall disburse the 90% amount to the Developer. A Developer in default under this
Agreement will have no right to such a reduction in the performance guarantee. Upon the
Town's acceptance of the maintenance obligation for a Public Improvement the performance
guarantee for that Public Improvement shall be terminated. Provided, if the applicable
performance guarantee covers more than one Public Improvement, the amount of the
performance guarantee relating to that Public Improvement (or remaining amount if a reduction
of the performance guarantee with respect to that Public Improvement previously has occurred)
shall be released in writing by the Town. To the extent that any of the applicable amount of a
performance guarantee is cash, the Town shall disburse such cash to the Developer.
6. ACCEPTANCE OF MAINTENANCE OBLIGATION: Not more than sixty (60) days
prior to the end of a Warranty Period, the Developer may submit a written request to the Town
Engineering Department for inspection of the Public Improvements subject to such Warranty
Period. The Town shall inspect the applicable Public Improvements before the end of the
Warranty Period. If the Town determines that there are no material defects in such Public
Improvements, not later than ten (10) days after completing the inspection the Town shall issue
to the Developer a written "Letter of Final Acceptance" by which the Town accepts the
maintenance obligations for such Public Improvements. If the Town determines that there are
material defects in such Public Improvements, not later than ten (10) days after completing the
inspection the Town shall issue to the Developer a written punch list of the material defects to be
corrected. Upon correction of the material defects the Developer may again request inspection of
the Public Improvements by the Town Engineering Department for inspection and issuance of a
Letter of Final Acceptance, and the Town shall complete inspection within thirty (30) days of
receipt of the inspection request from the Developer and within ten (10) days after completing

BK 2268 PG 0034
Subdivision Improvement Agreement
Page 5
the inspection either issue a Letter of Final Acceptance or issue another written punch list for
correction of remaining material defects. The foregoing process shall continue until all material
defects are corrected, whereupon the Town shall issue the Letter of Final Acceptance. Except for
the Town's obligation to release any remaining performance guarantee, this Agreement shall
terminate upon issuance of a Letter or Letters of Final Acceptance for all Public Improvements
described in Exhibit B. From and after issuance of the Letter of Final Acceptance the Town shall
have the maintenance obligation for the applicable Public Improvements.
7. USE OF PROCEEDS: The Town will use funds drawn under the performance
guarantee only for the purposes of completing the Improvements or correcting material defects in
or failures of the Improvements determined to exist at the end of the Warranty Period.
C.
I. EVENTS OF DEFAULT: Each of the following conditions, occurrences or actions
will constitute a default by the Developer under this Agreement:
a. If not commenced prior to approval of the Final Plat, Developer's failure
to commence construction of the Improvements within fourteen (14) days of approval of the
Final Plat.
b. Developer's failure to complete construction of the Improvements within
one (1) year of final Plat approval, unless the time for completion is extended by the Town;
C. Developer's failure to perform work within the Subdivision for a period of
more than sixty (60) consecutive days;
d. Developer's failure to correct deficiencies in the applicable Public
Improvement within sixty (60) days following receipt from the Town of a deficiencies punch list
from the Town
e. Developer's failure to correct material defects in the applicable Public
Improvement within sixty (60) days following receipt from the Town after the end of the
Warranty Period of a punch list of material defects;
f. Developer's insolvency, the appointment of a receiver for the Developer,
or the filing of a voluntary or involuntary petition in bankruptcy respecting the Developer;
g. Foreclosure of any lien against the Property or a portion of the Property or
assignment or conveyance of the Property in lieu of foreclosure.

BK 2268 PG 0035
Subdivision Improvement Agreement
Page 6
h. Developer's failure to comply with any condition or obligation in this
Agreement.
The Town may not declare a default until written notice specifying the default has been given
to the Developer.
2. MEASURE OF DAMAGES: The measure of damages for breach of this
Agreement will be the reasonable cost of completing the Improvements. For Improvements upon
which construction has not begun, the estimated cost of the Improvements will be prima facie
evidence of the minimum cost of completion; however, neither that amount, nor the amount of
the performance guarantee, establishes the maximum amount of the Developer's liability. The
Town will be entitled to complete all unfinished Improvements at the time of default regardless
of the extent to which development has taken place in the Subdivision or whether development
ever commenced.
3. TOWN'S RIGHTS UPON DEFAULT: When any event of default occurs, the
Town may draw on the performance guarantee to the extent of the face amount thereof less 90%
of the estimated cost of all Improvements for which the Town previously has issued a
Completion Certification (if the performance guarantee for the applicable Improvement has
previously been reduced by 90%). The Town will have the right to complete Improvements itself
or contract with a third party for completion, and the Developer hereby grants to the Town, its
successors, assigns, agents, contractors, and employees a nonexclusive right and easement to
enter the Property for the purposes of constructing, maintaining, and repairing such
Improvements. Alternatively, the Town may assign the proceeds of the performance guarantee to
a subsequent developer (or a lender) who has acquired the Subdivision by purchase, foreclosure
or otherwise who will then have the same rights of completion as the Town if and only if the
subsequent developer (or lender) agrees in writing to complete the unfinished Improvements. In
addition, the Town also may suspend Final Plat approval during which time the Developer will
have no right to sell, transfer or otherwise convey lots or homes within the Subdivision without
the express written approval of the Town, or until the Improvements are completed and accepted
by the Town. These remedies are cumulative in nature, except that during the Warranty Period,
the Town's only remedy will be to draw funds under the performance guarantee.
(End of Page; Execution Pages Follow)

BK 2268 PG 0036
Subdivision Improvement Agreement
Page 7
IN WITNESS WHEREOF, the parties have caused this instrument to be executed as of
the day and year first above written.
Chatham Park Investors LLC,
a North Carolina limited liability company
By:
Name:
Title: Vice Pr sident
Wake County, North Carolina
I certify that the following person personally appeared before me this day and acknowledged to
me that he executed the foregoing document on behalf of Cha am Park In tors LLC, a North
Carolina limited liability company, in the capacity indicated: Ix
Date:NoymviA,I 01j)(In
to Ry
x sedl or stamp hdre)
l 1
' G '
COUN
"if/111a14111j1�,`
Not biic I
Print6dlTyped Name:
My Commission Expires:

BK 2268 PG 0037
Subdivision Improvement Agreement
Page 8
Town of Pittsboro,
a North Carolina municipal corporation
By:
Name: Chris ennedy
Title: Town Manager
.Vu f �cun County, North Carolina
I certify that the following person personally appeared before me this day and acknowledged to
me that he executed the foregoing document on behalf of Town of Pittsboro, a North Carolina
municipal corporation, in the capacity indicated: Chris Kennedy.
Date: 121 1 12,0 v
CASSANDRA M BULLOCK
Notary Public, North Carolina
M CDurham Counly
a Ofp
Notary Public n _ ,,�! ,� V
Printed/Typed Name: l�L 65Q, Lit zk
My Commission Expires: 10 - t2• =6

BK 2268 PG 0038
Subdivision Improvement Agreement
Page 9
EXHIBIT A
DESCRIPTION OF PROPERTY
All of that tract of land containing 16.854 acres, more or less, including Lots, open space, and
public and private street rights of way, as shown on a plat entitled "Final Subdivision Plat
Chatham Park Section 5.1 Subdivision West Phase 213 Property Of Chatham Park Investors
LLC" prepared by Thomas M. Grzebien, Professional Land Surveyor, of WithersRavenel, dated
November 15, 2021, and sealed November 17, 2021, consisting of Sheets 1-7, and recorded in
the office of the Register of Deeds for Chatham County, North Carolina in Plat Slide 2021, Pages
3,51� through 367 , reference to which is hereby made for a more particular
description (also referred to in this Subdivision Improvement Agreement and the Exhibits hereto
as the "Plat").

BK 2268 PG 0039
Subdivision Improvement Agreement
Page ] 0
EXHIBIT B
SUBDIVISION IMPROVEMENTS
The following Public Improvements and Private Improvements in accordance with the
Subdivision preliminary plat approved by the Town of Pittsboro Board of Commissioners on
January 28, 2019, construction drawings amended and approved by the Town on September 22,
2020, and the Plat (together, the "Plans"):
Public Improvements (Note: Rights of way and easements for Public Improvements are to
be dedicated in accordance with the Plans):
1. Mindees Lane (public street), Millennium Drive (public street), and associated
Improvements.
2. Improvements in public drainage easements.
3. Water lines and associated Improvements..
4. Sewer lines and associated Improvements, including sewer lines in Momingside Court to
be publicly dedicated.
5. Public multi -use paths.
6. Public greenways.
7. Stormwater control measures in public streets for which dedication is accepted by the
Town.
8. All other Public Improvements required by the Plans.
Private Improvements:
1. Momingside Court (private street) and associated Improvements.
2. Mailbox Kiosks.
3. All other Private Improvements required by the Plans.

BK 2268 PG 0040
Subdivision Improvement Agreement
Page 11
EXHIBIT C
COMPLETION ESTIMATE LETTER
SEE LETTER FOLLOWING THIS PAGE

BK ?68 PG 004
c2�
x,l1ll31 /
WithersRavenei.
APPROVED
September 21, 2021
Mr Kent Jackson, PE
Engineering Director
Town of Pittsboro
635 East Street
Pittsboro, NC 27312
RE: Chatham Park - Section 5.1 Subdivision West Phase 2B Completion Bond Estimate
Dear Mr. Jackson.
On behalf of Chatham Park Investors, LLC and in support of our request for the Town to approve the final
plat we are providing this letter stating that approximately 72% of the public improvements for this project
are complete based on the below summary. We are anticipating stone base to be installed the week of
September 271h which is included with the below summary. All other items are based on completion as of
September 21, 2021.
Item
Cost
Percent
Complete
Cost Completed
Cost Remaining
Mobilization
$7.500.00
100%
$7,500.00
$0,00
Clearing & Erosion Control
$149,048.00
90%
$134,143.20
$14,904.80
Grading
$207,510.40
90%
$186,759.36
$20,751.04
Storm Drainage
$151,155.00
95%
$143.597,25
$7,557.75
Water Distribution
$180,835.00
95%
$171.793.25
$9,041.75
Sanitary Sewer
$370,593.00
95%
$352,063,.35
$18,529.65
Curb, Stone Base, Asphalt
Sidewalk, Greenway
$359.193.75
25%
$89,798.44
$269,395.31
Street Trees/Landscaping
$92,560.00
0%
$0.00
$92.560,00
TOTAL: 1
$1,518,395.15
72%
$1,085,654.85
$432,74 30
Completion Bond Amount = $432,740.30 x 1.25 = $540,925.38
Please advise if this amount is satisfactory to the Town. If so, we would request that you acknowledge
acceptance of this amount by signature of approval on this document and memo on Town letterhead
per Bank's LOC requirement and return to us so the Owner can request and subsequently post the
required financial guarantee to the Town,
115 ivlacKenan Drive 1 Cary. NC 27511
t: 919.469 3340 1 919 467.6008 1 wmv.wither.rav2nel,com I License . Jo C-0832
Cary I Greensboro 1 Pittsboro I Raleigh - Wlmin;ton

�.Vithers RaveneI
Please let us know if you need any additional information regarding this matter and thanks for your
continued assistance on this project.
Sincerely.
WithersRavenel
Robert Oldham, PE, LEED AP
Vice President, Principal Consultant
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