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RESOLUTION 110R-14 TITLE: RESOLUTION OF THE TOWNSHIP OF JACKSON, OCEAN COUNTY, NEW JERSEY AUTHORIZING RELEASE TO NEW JERSEY NATURAL GAS COMPANY OF THE PERFORMANCE BOND ISSUED FOR BLOCK 22902, LOT 7

DISCUSSION: Deputy Clerk Kisty added this site is located on So. Hope Chapel Road near the recycling facilities and this is part of a sub-station. Councilman Bressi stated when Ordinances & Resolutions come through, there should be back up with reference to a main and cross street. It’s hard enough for us to follow it and the public needs to follow it. I have been asking for this for years and can’t seem to get it. Should this happen again, I will ask it be pulled. Councilwoman Updegrave concurs asking for this in the past. Council President Nixon officially requested that information from this point and Ms. Kisty will pass it along to the staff and Township Clerk Eden.

MOTION TO APPROVE BY: BRESSI MOTION SECONDED BY: UPDEGRAVE YES: BRESSI, MARTIN, UPDEGRAVE, CALOGERO, NIXON

WHEREAS, New Jersey Natural Gas Company has requested a Release of the Performance Guarantee, which consists of $40,642.57 in the form of a Performance Bond #105849141 issued by Travelers Casualty and Surety Company of America and a Cash Bond in the amount of $4,515.84 pertaining to Block 22902, Lot 7, Jackson Township; and

WHEREAS, Michael Miller of T&M Associates, Township Engineer, has reviewed and approved the release of said performance bond in letter report dated February 4, 2014, which letter report is made a part hereof; and

WHEREAS, the Township Council of the Township of Jackson has considered the application and the report of the Engineer;

• NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Township of Jackson, County of Ocean and State of New Jersey, that the Performance Guarantee, which consists of Performance Bond #105849141 issued by Travelers Casualty and Surety Company of America in the amount of $40,642.57 and a Cash Bond in the amount of $4,515.84; heretofore posted with the Township may and hereby is released on the condition that the applicant:
• Post a Maintenance Bond with the Township in the amount of $5,664.80, subject to the review and approval of the Township Attorney. Said Maintenance Bond shall run for a period of two (2) years; and
• This resolution of release is further contingent upon the applicant/developer reimbursing the Township for the cost of any and all outstanding construction inspection fees and the cost of any and all other charges as per Township ordinance for the release of said performance guarantees.

Copies of this resolution to Administration, Finance, Applicant/Developer, Township Engineer, and the Department of Public Works.

The Mayor and Township Clerk are authorized to sign or issue any appropriate documentation to give effect to the within resolution.

ANN MARIE EDEN, R.M.C. TOWNSHIP CLERK

DATED: 2-25-14

BILLS AND CLAIMS:

MOTION TO APPROVE BILLS AND CLAIMS BY: MARTIN MOTION SECONDED BY: BRESSI