Developer's bond to pay for street coating, storm-drain repairs in N.J.

11/28/2012 | NJ.com (Hackensack, N.J.)

A developer did not complete all of its work in a community in Woodstown, N.J., but a bond for the project will help tackle the unfinished work. The $300,000 performance bond will be used to pay for street coating and to fix storm drains in the development. Borough officials estimate, however, that the total cost of remaining work on the development will be $450,000.

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NJ.com (Hackensack, N.J.)

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