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Toms River Township AgendaPacket 2026-05-13

Woods Equity Phase 2 replacement bond approved

$34,740.00 reduced performance bond (Phase 2)Township of Toms RiverWOODS EQUITYMay 13, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Description

Toms River Council approved a $34,740 reduced performance bond from Woods Equity for Phase 2 of the 1606 Lakewood Road development, simultaneously releasing a prior bond from 1606 Lakewood Road, LLC. The new security continues to back required site improvements.

Contract Details

Contract Amount

$34,740.00 reduced performance bond (Phase 2)

Vendor

WOODS EQUITY

Agency

Township of Toms River, NJ

Contract Type

OTHER

Document Date

May 13, 2026

Renewal Info

Replaces the Phase 2 bond previously posted by 1606 Lakewood Road, LLC, which is released with interest.

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