← Paul Test
doc10554 R174-2025-Perf-Guarentee-Reduction--Blinky-Holding-LLC-PDF.pdf
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"text": "AUTHORIZING PERFORMANCE GUARANTEE REDUCTION FOR BLINKY HOLDINGS LLC, BLOCK 20501, LOT 7",
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"text": "WHEREAS, Blinky Holdings LLC submitted a request for a Performance Bond Reduction with respect to the property commonly known as Lot 7, in Block 20501 as shown on the official Tax Maps of Jackson Township; and"
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"text": "WHEREAS, the Township has previously received a total Performance Guarantee in the amount of $1,414,872.00; and"
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"text": "WHEREAS, by letter dated April 21, 2025 the Township Engineer, Charles Cunliffe, P.E., C.M.E., has recommended the total Performance Guarantee be reduced to the amount of $682,187,50 with bonded portion thereof to be $613,968.75 and the cash portion would be $68,218.75 and"
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"text": "WHEREAS, the Township Council has reviewed and accepts the recommendation of the Township Engineer to authorize such a Performance Guarantee Reduction."
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"text": "NOW, THEREFORE, BE IT RESOLVED this 13th day of May, 2025 by the Township Council of the Township of Jackson, County of Ocean, State of New Jersey as follows:"
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"text": "The Applicant is granted a Performance Guarantee Reduction resulting in a new total Performance Guarantee to be held by the Township of Jackson in the amount of $682,187.50, which Performance Guarantee shall include a bond in the amount of $613,968.75 and a cash portion in the amount of $68,218.75.",
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"text": "BE IT FURTHER RESOLVED that a copy of this Resolution shall be forwarded to the following:"
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"text": "DASTI, McGUCKIN,\nMcNICHOLS, CONNORS,\nANTHONY & BUCKLEY\nCOUNSELLORS AT LAW\n620 W. LACEY ROAD\nFORKED RIVER, N.J. 08731"
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