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RESOLUTION NUMBER 178R-10

TITLE: AUTHORIZE PURCHASE OF 16 STALKER RADAR UNITS FROM APPLIED CONCEPTS INC.,

MOTION TO CARRY 178R-10 TO 4/27/10 BY: RIVERE MOTION SECONDED BY: MARTIN YES: BRESSI, MARTIN, UPDEGRAVE, RIVERE & KAFTON

TOWNSHIP CLERK EDEN stated that 178R-10 will be removed from the Consent Agenda.

RESOLUTION NUMBER 168R-10

TITLE: RESOLUTION OF THE TOWNSHIP OF JACKSON, OCEAN COUNTY, NEW JERSEY AUTHORIZING RELEASE TO JACKSON DEVELOPMENT COMPANY, LLC. OF THE PERFORMANCE BOND ISSUED FOR SOUTH KNOLLS, SEC. 1C, A/K/A BLOCK 111, LOT 21

MOTION TO APPROVE BY: RIVERE MOTION SECONDED BY: MARTIN YES: BRESSI, MARTIN, UPDEGRAVE, RIVERE, & KAFTON

WHEREAS, Jackson Development Company, LLC. has requested a Release of the Performance Guarantee, which consists of $231,078.96 in the form of a Performance Bond #1003135 issued by Lexon Insurance Company and a Cash Bond in the amount of $25,675.44, pertaining to South Knolls, Sec. 1C a/k/a Block 111, Lot 21, Jackson Township; and

WHEREAS, Albert Yodakis of T&M Associates, Township Engineer, has reviewed and approved the release of said performance bond in letter report dated April 1, 2010, 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 #1003135 issued by Lexon Insurance Company in the amount of $231,078.96 and a Cash Bond in the amount of $25,675.44 heretofore posted with the Township may and hereby is released on the condition that the applicant:

  1. Post a Maintenance Bond with the Township in the amount of $107,127.27 subject to the review and approval of the Township Attorney. Said Maintenance Bond shall run for a period of two
  2. years; and
  3. 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.
  4. Copies of this resolution to Administration, Finance, Applicant/Developer, Township Engineer, Jackson Board of Education Transportation Department, Attn: Dolores and the Department of Public Works, Attn: Connie Sidor.

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

DATED: 4/13/10

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