Township Council Meeting — Packet

1. All the public improvements within the rights of way of Colonial Woods North and extension of Nance Road and public easements shown on the filed map entitled “FINAL PLAT-BLOCK 173, LOT 2AND BLOCK 172.29, LOT 40.02, COLONIAL WOODS NORTH, TOWNSHIP OF WEST ORANGE, ESSEXCOUNTY, NEW JERSEY” and filed in the office of the Clerk of Essex County on July 30, 2007 as Filed Map No. 4518 are, as of December 6, 2023, hereby accepted by the Township of West Orange. 2. A cash Maintenance Bond in the amount of $117,964.44 and Tree Payment in the amount of $23,275.00 shall be deducted from the cash bond currently held by the Township in the amount of $178,620.00 for deposit into the Township’s tree maintenance fund. The Maintenance Bond will be held until December 5, 2025 in accordance with N.J.S.A. 40:55D-53(a)(2)(b). 3. Therefore, the performance bond’s remaining balance of $37,380.56 is hereby released to RNC Developers, Inc. 4. The Township shall return the balance of the inspection escrow accounts in the amount of $6,805.20 to the Developer in full satisfaction of any inspection and other charges that could be made to these accounts as of this date. 5. The Litigation shall be resolved by dismissal of Plaintiff’s claims with prejudice and the Township’s counterclaim without prejudice and the payment of $20,000 to RNC in accordance with N.J.S.A. 40:55D-53(e)(2). BE IT FURTHER RESOLVED that the Township Clerk is hereby directed to transmit certified copies of this resolution to the following individuals and entities RNC Developers Inc. , Township Engineer, Chief Financial Officer, and Township Attorney. Karen J. Carnevale, R.M.C., Municipal Clerk Bill Rutherford, Council President Adopted: October 29, 2024 I hereby certify funds are available from Account: $64,185.76 John Ditinyak, Chief Financial Officer 2