“Something good happening out there,” mayor says

A performance agreement bond is being called a first step by Westminster to rid the city of a blight—especially for those living nearby.  Westminster has announced that the owner and the tenant of the former Beacon Mill property have agreed to post a performance bond to ensure the satisfactory closure of the demolition permit.  Jeff Lord, city administrator, says, “With the performance bond, the owner has given the City the ability to finish the job if they do not and it won’t fall to the taxpayers to pay for it.”  Beacon Mill ended production in 2009 and partial demolition followed.  According to the city, the performance agreement, bond, and cleanup are the first steps toward occupancy, which is the intent of the owner, Pacific International Overseas, and the tenant, Coker Textiles.  Mayor Rick McCormick said, “I’m sure everyone would agree that we are happy to see something good happening out there.”