10 percent cash bond waived in part of Delco Construction LLC Redevelopment project.
Redevelopment plans at the Colonial Square Shopping Center off Route 130 in Cinnaminson are moving forward following the Aug. 21 committee meeting.
The township’s committee approved a request made by Delco Construction LLC for a waiver of a 10 percent cash bond. The total amount of that cash bond ranges between $100,000-$110,000 and was approved by the members of the committee.
“Delco Construction submitted a report to the committee for the waiver of this bond,” Mayor Anthony Minniti said. “This is only the cash portion that will be waived.”
Redevelopment is to come in two phases, with the first focusing on Colonial Square. The second phase would extend down the Branch Pike jughandle.
Delco Development also announced that Aldi would be the new anchor of a totally redeveloped Colonial Square Shopping Center. The proposal is to move CORT Furniture to the now vacant Bottom Dollar space at Mainline Shopping Center as a bookend to Aromaz Flooring. The town had been working to facilitate an agreement among the parties for the last year, but August was the first time Delco had officially revealed the stakeholders in the deal.
“We are continuing to work in that direction and hope to formalize this agreement and have a concept plan in the coming months,” Minniti said. “Aldi would join Wawa, which is now officially under construction on the corner of Route 130 North and Church Road.”
In other news:
• Committeeman Donald Brauckmann announced changes to the summer concert series schedule may be done for 2018. Instead of weekly concerts, Brauckmann recommended three concerts, one in June, July and August, that will take place on Saturday evenings.
“This is a recommendation that could increase attendance and give people another option on the weekends,” Brauckmann said. “Our kid concerts will also be looked at, and possibly paired with movie nights.”
• Summer tennis lessons concluded in July with 139 participants taking part, ranging between the ages of 5 to over 15.
• Cinnaminson Day 2017 is scheduled for Sunday, Oct. 15 from noon to 3 p.m. at Wood Park. The rain date is scheduled for Oct. 22.
• The 2017 Trunk or Treat is scheduled to take place on Saturday, Oct. 21 at Cinnaminson High School.
• The committee approved six resolutions out of the consent agenda portion of the meeting. Resolution 2017–102 authorized the waiving of taxes for 108 Mt. Vernon Drive. Resolution 2017–103 authorized an extension of grace period for third quarter taxes to Sept. 5.
• Two approvals of raffles also took place, including one for Project Graduation for Cinnaminson Home and School on Oct. 20 and another for Cure SPG47 at Riverton Country Club on Sept. 12.
