Toms River Township AgendaPacket 2026-05-13
Phase 2 performance bond for 1606 Lakewood Road LLC released
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Description
Toms River Council released a $34,740 Phase 2 performance bond posted by 1606 Lakewood Road, LLC, after approving a replacement guarantee from Woods Equity. The action updates the security provider for the ongoing development project.
Contract Details
Contract Amount
$34,740.00 previously posted cash bond released (Phase 2)
Vendor
1606 LAKEWOOD ROAD LLC
Agency
Township of Toms River, NJ
Contract Type
OTHER
Document Date
May 13, 2026
Renewal Info
Original performance bond obligation for Phase 2 is terminated and superseded by Woods Equity’s guarantee.
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