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Woolwich Township Committee AgendaPacket 2026-05-18

Performance bonds reduced for King’s Meadow North Phase II

Township of WoolwichWOOLWICH RESIDENTIAL LLCMay 18, 2026

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Description

Woolwich Township approved the first reduction of performance bond amounts for King’s Meadow North Phase II, a residential development by Woolwich Residential LLC, after engineering inspection of completed improvements. Landscape buffering bonds remain unreduced at this time.

Contract Details

Vendor

WOOLWICH RESIDENTIAL LLC

Agency

Township of Woolwich, NJ

Contract Type

OTHER

Document Date

May 18, 2026

Renewal Info

Initial bond reduction for this phase; contingent on payment of Remington & Vernick Engineers vouchers and subject to future reductions as work advances.

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Related Contracts

Woolwich Township Committee AgendaPacket 2026-05-18

Township of Woolwich (New Jersey)Performance surety bond reductions: Public Facilities from $866,597.40 to $496,517.40; Safety & Stabilization from $24,164.94 to $18,195.54; Landscape Buffering no reductionMay 18, 2026

Woolwich Township Committee AgendaPacket 2026-05-18

Township of Woolwich (New Jersey)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 reductionMay 18, 2026

Woolwich Township Committee AgendaPacket 2026-05-18

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Woolwich Township Committee AgendaPacket 2026-05-18

Township of Woolwich (New Jersey)Performance surety bond reductions: Public Facilities from $1,533,600.00 to $903,096.00; Safety & Stabilization from $32,836.00 to $28,624.84; Landscape Buffering no reductionMay 18, 2026

Issuing Agency

Township of Woolwich

City

Woolwich Township, NJ

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Vendor

WOOLWICH RESIDENTIAL LLC

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Performance bonds backing original amounts: Public Facilities $866,597.40; Safety & Stabilization $24,164.94; Landscape Buffering $131,304.00 (reduced to remaining amounts as specified)May 18, 2026

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