Resolution #18-33: Resolution for the Release of Escrow Account Balances

Date of Adoption: April 19, 2018

WHEREAS, the Vernon Township Municipal Utilities Authority required certain business entities to post funds in escrow to cover both engineering review of their sewer connection plan and the inspection of the construction work associated with the actual sewer connection.

WHEREAS, the businesses listed below did post escrow funds to cover the cost stated above, and

WHEREAS, the escrow accounts for these applicants have left over funds after all the required work was said and done, and

WHEREAS, the VTMUA is in receipt of a letter from Mott MacDonald its consulting engineer indicating that the remaining fund for each of these business entities can now be released back to each of the entities that posted them.

NOW THEREFORE BE IT RESOLVED, the Vernon Township Municipal Utilities Authority approves of the returning of these excess escrow funds as shown below back to the business entity that originally posted them.

Escrow Account NumberCompany NameAmount
10160006First Hartford Realty Corp. - CVS$3,880.50
10160007Northstan III LLC - Dunkin Donuts$3,070.00
10160008Valley View Apartments$469.97
10160010Fresh Tomato LLC - Pronto Pizza$855.00
10160011MNA Vernon Taco - Taco Bell$200.70
10160012Township of Vernon$1,220.11