140-24 Resolution--Rejecting return of Performance Guarantee--RNC.pdf

140-24 April 24, 2024 RESOLUTION REJECTING RETURN OF PERFORMANCE BOND TO RNC DEVELOPERS, INC. WHEREAS, RNC Developers, Inc. (“RNC”) is a developer of the twenty-seven (27) lot subdivision in the Township designated as Block 173, Lot 12 and Block 172.29, Lot 40.02 on the Township of West Orange’s (the “Township”) Tax Map pursuant to the February 9, 2009 Developer’s Agreement (the “Developer’s Agreement”); and WHEREAS, performance bonds in the amount of $178,620.00 (the “Performance Bond”) were posted with the Township by RNC to guarantee completion of site improvements to be performed in accordance with the preliminary and final major subdivision approval from the Planning Board of the Township (the “Planning Board”) and said approval was memorialized by resolution adopted by the Board on August 7, 2003; and WHEREAS, on January 26, 2024, after receiving various complaints from residents of the Subdivision regarding flooding to their homes, the Township Engineer inspected the Subdivision; and WHEREAS, on March 23, 2024, the Township Engineer authored a report (the “Township Engineering Report”) determining that the Subdivision was not built in compliance with the plans approved by the Planning Board; WHEREAS, the Township retained Greeman Pedersen, Inc. (“GPI”), an outside engineering firm, to inspect the Subdivision and construction of the same; and WHEREAS, GPI authored an engineering report on April 3, 2024 (the “GPI Report”) opining that the Township Engineering Report was accurate and that the Subdivision was not constructed in accordance with the plans approved by the Planning Board; and