FINANCIAL_SERVICESAMENDED

Newtown Engineers Back Partial Bond Release for MD57

The Town Engineer recommends a partial release of a $348,960 bond co-posted by MD57 Castle Meadow LLC for Stone Bridge Trail work, freeing $286,460 while holding $62,500 pending completion of remaining tasks. This action would permit a proportional reduction in the developers’ letter of credit.

Status
AMENDED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Md57 Castle Meadow Llc
Agency
Borough of Newtown · CT

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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
Letter-of-credit bond posted June 5, 2025; this partial release reduces the credit, with the remaining $62,500 retained until all required site work is complete and approved.
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?

Md57 Castle Meadow 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 Md57 Castle Meadow Llc contract with Borough of Newtown worth?

The Md57 Castle Meadow 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 Md57 Castle Meadow Llc hold?

Md57 Castle Meadow 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 Md57 Castle Meadow Llc's profile

What is Borough of Newtown currently buying?

Explore Borough of Newtown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Borough of Newtown's profile

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