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HomeMy Public PortalAboutr 06:302 ~£gnlu±tatt nf ±1r£ ißürnu£lr üf illude £Ì1 ~. 3J. 06-302 No Date of doptioll Novembe~ 21, 2006 AUTHORIZING REDUCTION IN PERFORMA CE BOND WHEREAS, the Developer for the following listed Develoment pplications, 31 Sharot Street Block 158, Lot 4 Case Nos. ZB-00-024 ZB-05-001 ZB-05-009 ZB-05-044 ZB-05-045 was previously required to post a Perfonnance Bond in the amou of $116,733.60; and WHEREAS, the Borough's Director of Engineer has rccomme ded that a reduction in said Perfonnance Bond to $82,143.36 is warranted. NOW THEREFOR BE IT RESOLVED, by Mayor and Cou Carteret that a reduction in the above reference Performance $82,143.36 is hereby approved and the appropriate Boroug authorized and direC\ed to implement the same. Adopted this 2151 day of November and certified as a true copy of the original on November 22, 2006. LINDA A. RIVERA Assistant Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCIL~IAN BELLINO DIAZ X KRUM X cil and the Borough 0 f ond to the amount of Officials are hereby 2006 -- YES NO NV A.B. X X Indicate Vote A8 - Ab.~ent NV - Not Voting XOR - Indicates Yo to Overrule Veto Adopted at a meeting of the Municipal Council I II I@nrnug4 nf ([art£n~t DANiEl J. REIMAN, MAYOR DEPARTMENT OF MUNICIPAL ENGINEERING JOHN P. DUPONT P.E., C.M.E. DIRECTOR INn-king to.qdþ<" to ¡'uilJ a {,dtu' Ca"tad .'ò October 3 1, 2006 Mayor & Council Borough of Carteret 61 Cooke Avenue Carteret, NJ 07008 Re: 31 Sharot Street Block 158, Lot 4 Case Nos. ZB-OO-024 ZB-05-001 ZB-05-009 ZB-05-044 ZB-05-045 Dear Mayor & Council: Our office has performed several site inspections on the abo referenced property to ensure that the improvements were made in compliance with the approved plan. At this time a substantial amount of improvements have been compl ted, and our office has supported a Certificate of Occupancy for a portion of the pro erty. The builder has requested that a portion of their performance bond be released. The original performance bond was $116,733.60. Based upon th work which has been completed, my office would support a reduction in the perfo ance bond to $82,143.36. This reduced bond amount is still greater than the maintenan e bond which the Borough will receive prior to the issuance of a final certificate of occ ancy. Should you have any questions or require any additional infì rmation, please feel tree to contact my office. Very truly yours, ~~.DV Jolin P. DuPont, P. E. Director of Engineering Cc: Mr. Anthony Neibert Mrs. Gloria Lisicki W ord:ldata leng\zoning\31 sharotpartialbondrelease.doc Memorial Municipol Building . 61 Cooke Avenue . C rteret, New Jersey 07008 Tel: 732-541-3847 . Fax: 732-541-4504 . Email duponti@carteret.net www.carteret.net