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Committee tables Russo Development performance-bond resolution to verify costs
Summary
Committee members asked for updated cost figures for a performance bond tied to the Russo/WH Development Urban Renewal project; Township Engineer Mark Lodato said he would review unit pricing and the committee tabled R-2026-323 for that purpose.
The Committee tabled Resolution R-2026-323, which would have accepted performance bonds and inspection escrow for the former Russo Development property (now WH Development Urban Renewal, LLC), after members expressed concern the bond amount was based on a 2022 estimate. Committeeman Frederick pressed for current figures, saying the previously calculated amount may no longer be accurate.
Township Engineer Mark Lodato told the Committee he had not known the bond relied on older figures and said he would review and update unit pricing before the matter returns for action. The motion to table — made by Committeeman Frederick and seconded by Committeewoman Minhas — carried on a unanimous roll call and the resolution was recorded as TABLED pending updated dollar figures.
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