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Moorestown Township Council Meeting Agenda April 20 2026

Maintenance Surety Bond Secures Sewer Improvements

$57,790.50Township of MoorestownNATIONWIDE MUTUAL INSURANCE COMPANYApril 20, 2026

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Description

Moorestown Township holds a $57,790.50 maintenance surety bond from Nationwide Mutual Insurance Company, along with a cash inspection escrow, to cover ongoing maintenance obligations for sewer-related improvements at the Borton Landing Road Family Apartments. The bond includes coverage for the completed landscaping work.

Contract Details

Contract Amount

$57,790.50

Vendor

NATIONWIDE MUTUAL INSURANCE COMPANY

Agency

Township of Moorestown, NJ

Contract Type

INSURANCE

Document Date

April 20, 2026

Renewal Info

Maintenance bond remains in force for the standard maintenance period following acceptance of improvements; specific expiration date not stated.

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