Casa Grande to release development bonds on 4 stalled subdivisions

By Heather Smathers | Casa Grande Dispatch

A few residential developers will see their financial bonds released by the city.

The Casa Grande City Council voted Monday to release more than $20 million in bonds that had been placed for financial assurance in four subdivisions: Arroyo Vista, Carlton Commons, Gila Buttes and Mystic Trails. Planning and Development Director Paul Tice said the developers have asked for the bonds to be released as they have no immediate plans to build in those subdivisions.

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