Woolwich Township Committee AgendaPacket 2026-05-18
Bond reduction granted for King’s Meadow North Phase II
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Description
Woolwich Township approved the first reduction of performance bond amounts for the King’s Meadow North – Phase II project, decreasing required guarantees for public facilities and stabilization while retaining full landscape buffering coverage. The change reflects infrastructure progress verified by the Township Engineer.
Contract Details
Contract Amount
Performance surety bond reductions: Public Facilities from $381,301.80 to $251,125.80; Safety & Stabilization from $12,032.55 to $11,520.75; Landscape Buffering no reduction
Vendor
WOOLWICH RESIDENTIAL LLC
Agency
Township of Woolwich, NJ
Contract Type
FACILITIES
Document Date
May 18, 2026
Contract Term
Performance guarantees remain in effect until final release
Renewal Info
Partial bond release; remaining guarantees persist until further Township action.
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