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Board approves $725,771.67 escrow release for Brandywine Walk Phase 4, conditioned on settlement of outstanding invoices
Summary
Supervisors authorized release of phase‑4 escrow for Brandywine Walk (release No. 1) in the amount of $725,771.67, subject to the developer paying all outstanding invoices to the township within 10 business days.
Staff presented a letter from the township engineer recommending release of Phase 4, Release No. 1 for Brandywine Walk in the amount of $725,771.67. The board treated this request similarly to another developer escrow release earlier in the meeting and discussed conditions for release.
The chair moved to approve the Brandywine Walk Phase 4 release conditioned on payment of all outstanding invoices owed to the township within 10 business days. A supervisor seconded and the board approved the motion by voice vote. Staff said they would apply the same payment-verification process used for other financial-security releases.
