Penn Township Regular Meeting Agenda 2026-06-17
Bond Reduction Approved for RS & KN Developers LLC
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Description
Penn Township approved a reduction in the held bond amount for RS and KN Developers, LLC Phase I of the Summer Grove housing development, lowering the required bond from $519,236.68 to $241,878.27. This reflects completion of roadway and stormwater improvements for the phase.
Contract Details
Contract Amount
Original bond $519,236.68, proposed reduction to $241,878.27
Vendor
RS & KN DEVELOPERS LLC
Agency
Town of Penn, PA
Contract Type
OTHER
Document Date
June 17, 2026
Renewal Info
Bond reduction applied after confirmation of completed public improvements as per the Developers Agreement.
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Penn Township Regular Meeting Agenda 2026-06-17
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