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NOW, THEREFORE, BE IT RESOLVED, that the Borough Council of the Borough of
Rumson hereby supports the preliminary preferred alternative, Concept 3F, complete bridge
replacement to the south of the existing bridge; and
BE IT FURTHER RESOLVED, that a certified copy of this resolution shall be forwarded to
the Monmouth County Engineer.
The above Resolution was moved for adoption by Councilwoman DeVoe. Motion seconded
by Councilman Day and carried on the following roll call vote:
In the affirmative: Broderick, Day, DeVoe, Hemphill and Rubin.
In the negative: None.
Absent: Shanley.
RESOLUTION 2013-0226-49 AUTHORIZING THE RELEASE OF THE CASH
PERFORMANCE BOND FOR IMPROVEMENTS TO HOLY CROSS CHURCH:
The Municipal Clerk/Administrator advised that Resolution 2013-0226-49 was releasing the
prior cash performance bond from the original project for improvements to Holy Cross Church and
that Holy Cross had posted the new cash performance bonds for both the parking lot and building
improvements.
2013-0226-49
Councilman Broderick offered the following resolution and moved its adoption:
RESOLUTION
WHEREAS, Holy Cross Church has posted a performance cash bond in the amount of
$48,964.20 and Performance Irrevocable Standby Letter of Credit No. 0280003070, issued by
Rumson-Fair Haven Bank and Trust in the amount of $440,677.80 to guarantee the completion of
the bonded improvements in accordance with the Performance Guarantee Estimate dated October
12, 2004; and
WHEREAS, in May 2008, the Borough Council adopted a resolution reducing the amount of
the Performance Irrevocable Standby Letter of Credit No. 0280003070, issued by Rumson-Fair
Haven Bank and Trust to $199,349.75 and reducing the amount of the performance cash bond to
$22,149.97, to reflect the work completed as of May 6, 2008; and
WHEREAS, in November 2009, the Borough Council adopted a resolution reducing the amount
of the Performance Irrevocable Standby Letter of Credit No. 0280003070, issued by Rumson-Fair
Haven Bank and Trust to $153,439.25 and reducing the amount of the performance cash bond to
$17,049.92, to reflect the work completed as of November 5, 2009; and
WHEREAS, on March 5, 2012, the Borough of Rumson Zoning Board of Adjustment adopted a
resolution granting Holy Cross Church Amended Preliminary and Final Major Site Plan Approval
and the various conditional use variances and waivers for the renovation and expansion of the
Church on Block 104, Lot 1.01, as finally revised presented to the Board of Adjustment at the
meeting of January 30, 2012, subject to several conditions; and
WHEREAS, the Borough Engineer in a letter dated April 16, 2012, provided a revised
performance guarantee estimate that reflected the work associated with the amended approval, as
well as the work from the original approval that has not been completed to date; and
WHEREAS, Holy Cross Church has posted a performance cash bond in the amount of
$70,807.00 and Performance Bond No. S276593, issued by NGM Insurance Company, in the
amount of $637,263.00 and dated February 7, 2013 to guarantee the completion of the bonded
improvements in accordance with the Performance Guarantee Estimate dated April 16, 2012; and
WHEREAS, Holy Cross Church has posted a performance cash bond in the amount of
$1,735.00 and Performance Bond No. S7276594, issued by NGM Insurance Company in the amount
of $15,615.00 and dated February 7, 2013 to guarantee the completion of the land banked parking
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