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The original item was published from 7/1/2011 1:32:35 PM to 7/16/2011 12:05:01 AM.

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Posted on: July 1, 2011

[ARCHIVED] Developers released from bondage

Developers of major commercial and residential projects in Cranberry are required to post bonds to assure completion of the various steps involved in building their projects. Failure to perform the agreed-upon steps could result in bond forfeiture, leaving the Township with enough funds to complete the work or repair the site. As each phase is completed, the builder’s bond for that step is released. At the June 30 meeting of Cranberry’s Board of Supervisors, bond releases were approved signifying the completion of different stages involving a number of projects under construction in the Township. Among them: VCF Park, Wakefield Estates, Sherwood Oaks, ESB Bank, Village of Cranberry Woods, BelleVue Park, Pennwood Commons II, and Oak Tree Place. Bond releases are widely considered to be an indication of local economic strength in which construction projects are moving forward. For more information, contact Ron Henshaw.

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