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Board approves consent agenda, designates $3 million revenue stabilization reserve and awards fuel contract
Summary
The Board approved a multi‑item consent agenda including grant‑funded invoices for trail work, a $101,537.46 payment for Recharge Park, selection of Simone & Collins for Heuser Park 2 ($149,515), a $3,000,000 Revenue Stabilization Fund commitment under GASB 54, and a county fuel contract awarded to SJ Fuel South Company, Inc.
The Board approved the consent agenda that included payments for the Moore Road Multimodal Trail (two TPD invoices totaling $85,322.83), a payment application for Recharge Park ($101,537.46), and selection of Simone & Collins Landscape Architecture for Heuser Phase 2 Master Plan ($149,515). The Board also approved final escrow release to Exeter 555 Flinthill, LLC and extended a review period for 600 River Road land development through August 14, 2026.
On finance matters Township Manager Anthony Hamaday asked the Board to designate $3,000,000 as committed fund balance in the Revenue Stabilization Fund under GASB 54 to buffer potential revenue shortfalls—Hamaday cited vacancy of office space and potential 511 tax declines as reasons for raising the amount. The Board also approved the 2026 Montgomery County Consortium fuel contract awarding supply to SJ Fuel South Company, Inc., with prices tied to OPIS Philadelphia weekly averages plus specified differentials.
