Committee recommends scheduled bills and two escrow releases totaling multiple approvals

The Narberth Borough Finance Administration Committee recommended approval of scheduled bills and two escrow-release requests during its Feb. 20 meeting.

Committee members moved and seconded recommendations to forward the schedule of bills and two separate escrow-release requests to the borough council for final action. The motion to recommend the schedule of bills covered funds described in the packet as “general Silver Solid Waste Capital Highway. Green funds” totaling $199,603.41; the committee voted in favor by voice vote.

The committee also recommended release number 3 for the developer escrow at 100 Forest Ave., withholding the line item tied to sidewalk underlayment damage discovered by public works. Manager Dobbs said staff is withholding funds for sidewalk remediation while releasing the remainder of the escrow so the developer can address outstanding professional-services invoices. The motion to recommend that escrow release was seconded and approved by voice vote.

A second escrow release — number 2 for 650 Montgomery Ave. — was also recommended in full. Staff reported that the developer is progressing with final punch-list items and that a letter of credit held by the bank expires in April; if landscaping or other weather-sensitive items remain outstanding when that letter expires, the developer was informed they must provide replacement security, a cash escrow, or a bond. Committee members noted one commercial tenant (Citizens Bank) is operating and that at least one residential unit is leased.

All motions described in the meeting were recommended by the committee and recorded as approved by voice vote; the transcript records the approvals as “All in favor” followed by “Aye.” The meeting did not capture roll-call tallies by name.

Votes at a glance: - Approve minutes for Jan. 16, 2025 — Motion moved and seconded; approved by voice vote (tally not specified). - Recommend schedule of bills (packet: “general Silver Solid Waste Capital Highway. Green funds”) totaling $199,603.41 — Motion moved and seconded; recommended by voice vote. - Recommend escrow release #3, 100 Forest Ave. — Motion moved and seconded; committee approved recommendation while withholding sidewalk remediation line item. - Recommend escrow release #2, 650 Montgomery Ave. — Motion moved and seconded; recommended in full pending final punch-list completion or replacement security if letter of credit expires.

Committee members did not record individual yea/nay votes in the transcript; outcomes were captured via unanimous voice approval as noted above.