Lakewood Township Committee Meeting Agenda June 2024
Oberlin Ave Performance Guarantee Released; Maintenance Bond Pending
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Description
The Township approved the release of a $56,720 bond for 485 Oberlin Owner, LLC, pending posting of a $83,910 maintenance guarantee for Oberlin Ave South improvements.
Contract Details
Contract Amount
$56,720.00
Vendor
485 OBERLIN OWNER LLC
Agency
Township of Lakewood, NJ
Contract Type
CONSTRUCTION
Document Date
June 20, 2024
Contract Term
Performance Guarantee released June 20, 2024 (bond posted July 29, 2021), 2-year maintenance guarantee to follow
Renewal Date
2026-06-20
Renewal Info
Performance bond released; two-year maintenance surety to be posted as a new requirement post-construction.
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