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Council to place developer agreement for 2130 Center Avenue on Feb. 19 agenda
Summary
The borough attorney recommended authorizing execution of a developer agreement with Center 2215, LLC for 2130 Center Avenue after reviewing required insurance and financial guarantees; an authorizing resolution will be placed on the Feb. 19 agenda.
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Borough Attorney Brian Chewcaskie reported that his office reviewed the developer's agreement and accompanying documents for Center 2215, LLC regarding 2130 Center Avenue, including the certificate of liability insurance, letter of credit and guarantees. He recommended the governing body authorize execution of the agreement.
Council members agreed to place an authorizing resolution on the Feb. 19 agenda for formal consideration and potential approval. No vote on the agreement was recorded at the Feb. 5 work session; the item is scheduled for final action on Feb. 19.
