Moorestown Township Council Agenda Packet 2026-06-22
Performance Bond Released for East Third Street Townhouses
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Description
Moorestown Council approved the release of the performance guarantee and related escrow for the 4-unit townhouse project at 115 East Third Street, returning the cash bond to Asset Management Consultants. The Township Engineer confirmed that all site improvements were satisfactorily completed and recommended waiving a maintenance bond.
Contract Details
Contract Amount
Release of $13,108.20 cash bond (part of original $131,082.00 performance guarantee)
Vendor
ASSET MANAGEMENT CONSULTANTS
Agency
Township of Moorestown, NJ
Contract Type
OTHER
Document Date
June 22, 2026
Renewal Info
Initial performance bond (Bond No. CT022850 and cash) posted in 2017 is fully released; maintenance guarantee is waived and will not be required.
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