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Woolwich Township Committee AgendaPacket 2026-05-18

Performance bond reduced for King’s Meadow North Phase I

Township of WoolwichWOOLWICH RESIDENTIAL LLCMay 18, 2026

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Description

Woolwich Township approved the first reduction of performance bonds for the King’s Meadow North Phase I residential project by Woolwich Residential LLC, reflecting substantial completion of public facilities and safety and stabilization improvements. Western Surety Company remains obligated for the reduced bond amounts.

Contract Details

Vendor

WOOLWICH RESIDENTIAL LLC

Agency

Township of Woolwich, NJ

Contract Type

OTHER

Document Date

May 18, 2026

Renewal Info

Performance bond amounts for public facilities and safety/stabilization are reduced per the engineer’s April 28, 2026 recommendation; landscape buffering bond remains unchanged.

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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

Woolwich Township Committee AgendaPacket 2026-05-18

Township of Woolwich (New Jersey)Performance surety bond reductions: Public Facilities from $276,225.60 to $83,661.60; Safety & Stabilization from $9,405.64 to $5,991.19; 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

Township of Woolwich (New Jersey)May 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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