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Supervisors approve $293,177 financial-security release for East Brandywine Center and authorize development agreement
Summary
The board approved Penoni Engineering's recommendation to release $293,177 in financial security for the East Brandywine Center and authorized execution of a development agreement to secure right-of-way for intersection improvements tied to a highway occupancy permit.
The Board of Supervisors unanimously approved financial security release No. 4 for the East Brandywine Center, authorizing the release of $293,177 after township engineer Penoni confirmed completion of the listed improvements.
Township Manager Luke Revan said the remaining financial security after the release would be approximately $4,642,446.11 and that the release follows Penoni's verification of installed improvements. The motion to process the release was moved, seconded and approved by voice vote; no roll-call tally was recorded in the meeting transcript.
On a related development agenda item, staff presented a future development agreement with the owner of a parcel occupied by Pizza Mia to preserve the property's pre-taking development potential while conveying the temporary construction and right-of-way necessary to accommodate intersection improvements at Bonsville, Hopewell and Route 322. Revan said the township, which must acquire certain rights of way for the PennDOT-controlled intersections, has obtained seven of nine needed properties to date.
The solicitor thanked the owner for voluntarily conveying property interests and the board authorized staff to execute the development agreement, which requires only the board chairman's signature. Board members said they were pleased the property acquisitions had mostly been resolved without condemnation.
