Woolwich Township Committee AgendaPacket 2026-05-18
Bond reductions approved for King’s Meadow South Phase III
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Description
Woolwich Township granted the first reduction of performance bonds for the King’s Meadow South – Phase III project, sharply lowering the public facilities and stabilization guarantees while maintaining full landscape buffering coverage. The action reflects progress on required improvements.
Contract Details
Contract Amount
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 reduction
Vendor
WOOLWICH RESIDENTIAL LLC
Agency
Township of Woolwich, NJ
Contract Type
FACILITIES
Document Date
May 18, 2026
Contract Term
Performance guarantees remain in effect until final release
Renewal Info
Partial performance bond release; remaining bond amounts stay in force until further Township approval.
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