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Glassboro council withholds release of Penrose Lincoln cash maintenance bond until punch list is finished
Summary
The borough engineer told council that the Penrose Lincoln senior housing project on Ellis Street has outstanding punch-list work; the council voted to deny release of the project's cash maintenance bond until that work is completed, with one council abstention noted.
The Glassboro Engineer reported on June 23 that the Penrose Lincoln senior housing project on Ellis Street is nearing completion but continues to have outstanding punch-list items and staff have had difficulty reaching responsible project contacts. The engineer asked the borough to retain the project's cash maintenance bond until the necessary work is finished.
Councilmember motioned to deny release of the cash maintenance bond for the Penrose Lincoln senior housing project; the motion was seconded, the clerk recorded the roll-call and the motion carried, with one abstention recorded on the vote.
Why it matters: Retaining the bond protects the borough and residents by ensuring the developer completes required punch-list work before the town releases funds that guarantee maintenance or corrections.
What’s next: The borough will retain the cash maintenance bond until the contractor completes the punch-list and coordinates with borough staff; the engineer indicated the developer had agreed to complete the work but borough staff requested the hold to protect residents.
