Lakewood Township AgendaPacket Lakewood Township Committee Meeting 2026-05-28
Performance Bond Released and Maintenance Bond Required for SP 2532
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Description
The Township Committee approved release of a $5,000 performance guarantee posted by Yeshivas Ohr Hatorah for site plan SP #2532 on Vassar Avenue, subject to the posting of a $4,800 two-year maintenance bond. The action also requires stormwater documentation, escrow funding, parking lot restriping, and lawn stabilization.
Contract Details
Contract Amount
$5,000.00 performance guarantee; new $4,800.00 maintenance guarantee required
Vendor
YESHIVAS OHR HATORAH
Agency
Township of Lakewood, NJ
Contract Type
FACILITIES
Document Date
May 28, 2026
Contract Term
Two-year maintenance guarantee
Renewal Info
Performance guarantee converts to a two-year maintenance guarantee of $4,800 as a condition of release.
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