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Engineer recommends maintenance phase for several developments; board reduces letters of credit
Summary
Engineer Justin Coyle recommended reducing letters of credit and commencing the 18‑month maintenance period for multiple properties (Koch 33 Collision, Koch Toyota, Nazareth Ford Pro, among others); the board approved each recommendation unanimously.
The township's engineer presented multiple recommendations to reduce financial security and commence 18‑month maintenance periods for several developments and the board approved each action on May 13.
Justin Coyle reviewed letters recommending reduction of financial security and start of maintenance for Koch 33 Collision, Koch Toyota, Nazareth Ford Pro, and others; motions were made and carried 3–0 for each property to reduce the letter of credit and commence the maintenance period per the engineer's recommendations.
The changes move each development into the maintenance phase of their required performance periods, reducing developer security per the engineer's assessment.
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