Engineer recommends 30% bond reduction and separate basin bond for Crossings development
Township engineer told the committee the developer's performance bond can be reduced to 30% (about $800,000) and suggested bifurcating the bond so basin-related work remains secured until completed; the committee asked for an estimate of basin replacement costs.
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Delanco’s township engineer reported on the Crossings development and recommended reducing the developer’s performance bond to the statutory 30% of the original amount while considering a separate bond for basin work.
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