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Council approves partial $70,093.64 escrow release for Sinking Spring OP Holdings
Summary
Engineer Lowell Leaman recommended a partial Phase 1 escrow release for Sinking Spring OP Holdings after a site visit found incomplete items; Council approved Escrow Release No. 3 for $70,093.64.
Environmental & Municipal Engineer Lowell Leaman reported that Sinking Spring OP Holdings requested a full Phase 1 escrow release but a site visit identified multiple incomplete items. Leaman recommended a partial release that reflects work completed to date.
Council approved Sinking Spring OP Holdings Escrow Release No. 3 in the amount of $70,093.64 on a motion by John Eagelman, seconded by Denise Stine; the motion carried. The solicitor later noted related administrative complications stemming from mismatched AIA-format pay applications and the Borough's improvements agreement line items, which has required extensive correspondence but is not expected to become a legal problem for the Borough.
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