Council Releases Self Storage Site Performance Bonds

Toms River Council released the $84,060 performance bond and a $5,000 safety and stabilization guarantee for DXD Self Storage Fund I LPDXD F1 Toms River, LLC’s site at 671 Batchelor Street, while accepting a $9,340 cash maintenance bond. The action follows the Township Engineer’s finding that all required site improvements were satisfactorily completed.

Scope & details

The full contract record, as filed.

Contract amount

$9,340.00 (maintenance cash bond retained); $84,060.00 surety bond and $5,000.00 cash safety & stabilization guarantee released

Contract type

CONSTRUCTION

Contract term

Maintenance bond period ongoing; performance guarantee obligations concluded as of June 10, 2026

Renewal

Performance guarantee obligations converted to a maintenance bond phase with a $9,340 cash bond remaining on account; standard maintenance period will apply per Township ordinance.

Document type

Minutes

Source document

Toms River Township Council Minutes 2026-06-10

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Township of Toms River?

Dxd Self Storage Fund I Lpdxd F1 Toms River Llc was awarded this construction contract by Township of Toms River, as recorded on June 10, 2026. The contract value is $9,340.00 (maintenance cash bond retained); $84,060.00 surety bond and $5,000.00 cash safety & stabilization guarantee released.

How much is the Dxd Self Storage Fund I Lpdxd F1 Toms River Llc contract with Township of Toms River worth?

The Dxd Self Storage Fund I Lpdxd F1 Toms River Llc contract with Township of Toms River is valued at $9,340.00 (maintenance cash bond retained); $84,060.00 surety bond and $5,000.00 cash safety & stabilization guarantee released, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Toms River Township Council Minutes 2026-06-10 (Minutes), dated June 10, 2026 from Township of Toms River. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dxd Self Storage Fund I Lpdxd F1 Toms River Llc hold?

Dxd Self Storage Fund I Lpdxd F1 Toms River Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Township of Toms River currently buying?

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