Partial Release of Road Bond for Stone Bridge Trail

Newtown’s Town Engineer recommends a partial release of a $348,960 road and lot pin bond posted by MD285 Berkshire, LLC for Stone Bridge Trail improvements. The proposal would return $286,460 while retaining $62,500 to ensure completion of remaining work, allowing a corresponding reduction in the applicant’s letter of credit.

Scope & details

The full contract record, as filed.

Contract amount

$348,960 (bond); $286,460.00 recommended for release; $62,500.00 retained

Contract type

FINANCIAL_SERVICES

Contract term

Bond posted June 5, 2025; partial release recommended July 9, 2026

Renewal

Bond originally posted as a letter of credit on June 5, 2025; this action reduces but does not fully release the bond, with $62,500 retained until remaining work is completed and accepted.

Document type

Minutes

Source document

Newtown Board of Selectmen Minutes 2026-08-03

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Newtown?

Md285 Berkshire Llc was awarded this financial services contract by Borough of Newtown, as recorded on August 3, 2026. The contract value is $348,960 (bond); $286,460.00 recommended for release; $62,500.00 retained.

How much is the Md285 Berkshire Llc contract with Borough of Newtown worth?

The Md285 Berkshire Llc contract with Borough of Newtown is valued at $348,960 (bond); $286,460.00 recommended for release; $62,500.00 retained, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Newtown Board of Selectmen Minutes 2026-08-03 (Minutes), dated August 3, 2026 from Borough of Newtown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Md285 Berkshire Llc hold?

Md285 Berkshire 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.

View Md285 Berkshire Llc's profile

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