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Board approves $551,272.33 escrow release for Wawa PropCo work completed to date
Summary
The township approved an escrow-release voucher for the Wawa PropCo project totaling $551,272.33 for work completed to date and authorized the manager to sign the voucher.
NGS representative Steve Balla presented an escrow-release voucher for the Wawa PropCo project requesting $551,272.33 for work completed to date and asked the board to approve manager sign-off.
Board members had no objections; a motion to approve the escrow release was made, seconded and approved by voice vote. Manager Lippincott was authorized to sign the escrow-release voucher.
Why it matters: Releasing escrow funds moves developer-escrowed money to pay for completed work and is a standard step in the municipal development-review process. The amount—$551,272.33—is recorded in the meeting packet and read into the minutes.
What’s next: The manager will sign the escrow release so the contractor or developer may receive payment for the completed work; engineers noted remaining items (e.g., Fisher subdivision plans to be discussed after the meeting).
