Montgomery Township Board of Supervisors Agenda 2026-06-08
Mid Penn Bank Manages Escrow for Luxor Project
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Description
Mid Penn Bank continues as escrow agent for Westrum (Luxor) Montgomeryville project. Funds periodically released as improvements are certified.
Contract Details
Contract Amount
$4,163,396.33 (original escrow total)
Vendor
MID PENN BANK
Agency
Town of Montgomery, PA
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
until maintenance completion; ongoing reductions
Renewal Date
2026-06-16
Renewal Info
Tri-Party Agreement active through maintenance and landscaping completion, periodic releases.
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