Lower Macungie Township Board of Commissioners Agenda February 2026
Peoples Security Bank Letter of Credit for Land Dev Project
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Description
Peoples Security Bank and Trust Company provided the financial security letter of credit for Fields at Indian Creek; as of February 2026, the security stood at $40,031.84 after latest release.
Contract Details
Contract Amount
Financial security letter of credit $148,906.19 (original), current balance $40,031.84
Vendor
PEOPLES SECURITY BANK & TRUST COMPANY
Agency
Town of Lower Macungie, PA
Contract Type
FINANCIAL_SERVICES
Document Date
February 19, 2026
Contract Term
2016-06-30 to completion of development improvements
Renewal Info
Reductions approved by Township resolution based on completed public improvements and project close-out.
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