Moorestown Council Approves Additional $200K For Garwood Road

MOORESTOWN, NJ — Moorestown Council has approved a proposed bond ordinance to add $200,000 to the cost of a project for improvements on Garwood Road.

Council gave unanimous final approval to a proposal that sets aside an additional $200,000 and borrow an additional $190,000 in bonds or notes for the resurfacing of Garwood Road at its meeting Monday night at town hall.

In June of last year, Moorestown Council passed legislation to set aside $725,000, including borrowing $451,250 in bonds or notes, for the project. The design for the project was completed in the spring, according to officials.

However, the bids the township received on May 15 came in higher than what was previously authorized. Without the additional funding authorization, the township would have to split the project up into two phases to take place over the next two years.

That would lead to additional delays, lost money and possible higher costs for the completion of the project, officials said. Officials preferred to complete it in one contract and save the township money.

Read more here: Moorestown Council Approves Road Resurfacing Legislation