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Supervisors waive letter‑of‑credit requirement for LTMA sewer project tied to Lehigh Valley Resort & Spa
Summary
Lehigh Township supervisors unanimously approved waiving a letter‑of‑credit requirement for LTMA’s sewer plant land development so the authority can proceed with a $4.5 million first‑phase contract backed by $3 million in grants and a cash‑replenished $300,000 escrow pledged by developer Jaindl.
Lehigh Township supervisors on Nov. 11 voted unanimously to waive the township’s usual letter‑of‑credit requirement for the Lehigh Township Municipal Authority’s (LTMA) land development agreement tied to a new wastewater treatment plant that supports the planned Lehigh Valley Resort & Spa.
LTMA representatives said phase‑one construction bids came in at approximately $4.5 million. The authority has secured roughly $3 million in grant funding (a mix of…
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