West Whiteland Township Board of Supervisors Agenda Packet 2026-06-24
Letter of Credit for Whiteland Meadows Closed Out
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Description
Penn Community Bank’s Letter of Credit No. 351 securing improvements for the Whiteland Meadows development is being reduced by $75,693.00 to a zero balance following Township certification of 100% completion. This action closes the $526,438.00 financial security instrument.
Contract Details
Contract Amount
$526,438.00
Vendor
PENN COMMUNITY BANK
Agency
Town of West Whiteland, PA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
January 15, 2020 – June 24, 2026 (Letter of Credit duration)
Renewal Date
2026-06-24
Renewal Info
Letter of Credit No. 351 was originally established January 15, 2020, as financial security for Whiteland Meadows; with the final reduction to $0.00 authorized by the Certificate of Completion, there are no remaining renewal or extension obligations.
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