Lakewood Township Committee Meeting Agenda April 2026
Casablanca Drive Performance Bond Fully Released with Maintenance Requirement
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Description
The Township Committee approved release of the remaining performance bond for DYA Investment & Development Group’s SD 2147 project on Casablanca Drive, following an earlier reduction. The developer must post a two-year $84,090 maintenance guarantee and satisfy multiple documentation and acceptance conditions.
Contract Details
Contract Amount
$410,354.71 original performance bond plus $20.00 cash; first reduction to $164,486.59; new $84,090.00 two-year maintenance guarantee
Vendor
DYA INVESTMENT & DEVELOPMENT GROUP
Agency
Township of Lakewood, NJ
Contract Type
OTHER
Document Date
April 16, 2026
Contract Term
Two-year maintenance guarantee period (start date not specified)
Renewal Info
A two-year maintenance guarantee must be posted; additional renewal or extension terms are not described.
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