247-25 Resolution for Replacement Maintenance Bond - StoneHill.pdf

NOW THEREFORE BE IT RESOLVED, by the Township Council of the Township of West Orange, that the original maintenance bond in the amount of $48,513.00 posted by Green Essex Partners Urban Renewal Entity, LLC, the developer of Stonehill, 1000 – 3000 Executive Drive, West Orange, NJ 07052, Block 155, Lot 42.03, be released and replaced with the two-year maintenance bond submitted by Stonehill Urban Renewal, LLC, c/o Sentinel, 1251 Avenue of the Americas, 24th Fl., New York, NY 10020 in the amount of $48,513.00. BE IT FURTHER RESOLVED, that a certified copy of this Resolution be sent to Stonehill Urban Renewal, LLC, c/o Sentinel, 1251 Avenue of the Americas, 24th Fl., New York, NY 10020. ____________________________________ Joe Krakoviak, Council President ____________________________________ _________________________________ Karen J. Carnevale, R.M.C. Municipal Clerk John Ditinyak, Chief Financial Official Adopted: November 12, 2025 Account No. 20-6820-00-0000-140 – Return Bond (original) Account No. Deposit Bond (new owner)