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801 LOCH ALSH AVENUE FORT WASHINGTON, PA 19034-1697

Dublin

Phone: (215) 643-1600 Fax: (215) 542-0797 www.upperdublin.net

IRA S. TACKEL President

RONALD P. FELDMAN Vice President

REBECCA A. GUSHUE LIZ FERRY ROBERT H. MCGUCKIN

April 5, 2018 Mr. Paul Leonard, Manager Upper Dublin Township 801 Loch Alsh Avenue Fort Washington, PA 19034 RE:

GARY V. SCARPELLO MEREDITH L. FERLEGER

SPRING HOUSE LAND, INC.-SAL PAONE (UD 15.001) WASHINGTON MANOR ESCROW RELEASE #4

Dear Mr. Leonard:

PAUL A. LEONARD Township Manager

GILBERT P. HIGH, JR. Solicitor

Enclosed is the Certificate of Completion for Escrow Release No. 4 for the Washington Manor project. The recommended release is $606,632.18. We have reviewed portions of the work completed to date and we have been present for inspections of the site in accordance with the terms of the Development Agreement for this project. If this release amount is approved, $844,630.17 will remain in escrow. This amount appears to be adequate to allow completion of the improvements. If you have any questions, please feel free to contact us. Very truly yours,

Thomas J. Fountain, P.E. Township Engineer

cc:

Jonathan Bleemer, Asst. Township Manager Richard Barton, Township Zoning Officer Gil High, Township Solicitor

K:\public works\memos\piszek\wash manor-escrow release 4.doc

CERTIFICATION OF COMPLETION #4 WASHINGTON MANOR— SPRING HOUSE LAND, INC. UPPER DUBLIN TOWNSHIP We, the undersigned, hereby certify that the work provided for in a certain Agreement between the Township of Upper Dublin and Spring House Land, Inc., relative to the construction and installation of certain improvements in a development known as Washington Manor, has been completed to the extent of SIX HUNDRED SIX THOUSAND, SIX HUNDRED THIRTY-TWO DOLLARS AND 18 CENTS, and this certificate authorizes the security holder to release said amount ($606,632.18) to reduce the Financial Security held by the Firstrust Bank, according to the breakdown shown below.

It is agreed that the release of said amount hereby authorized shall not be construed as acceptance of the work by Upper Dublin Township, nor shall this Certificate act or constitute any waiver by Upper Dublin Township, and the Township hereby reserves the right to re-inspect the work and to require the Developer referred to in the Agreement to correct any and all defects and deficiencies. For the following work: Total Financial Security: Amount Previous Release(s): Amount This Request: Amount Retainage Amount This Release:

$ 3,276,801.65 $ 1,825,539.30 $ 606,632.18 0.00 $ 606,632.18

Amount Available for Reduction:

$ 844,630.17

11(61f

Township Eng' er

Date:

Township Manager

Date:

al

UPPER DUBLIN TOWNSHIP DEVELOPMENT: ESCROW AGENT: TOWNSHIP: OWNER/DEVELOPER:

ITEM NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

DESCRIPTION E&S CONTROLS EARTHWORK SITE PREP/DEMO E&S-REMOVAL/MAINT. STORNI SEWER CURB SIDEWALK ROAD CONSTRUCTION WALKING PATH D'WAY APRONS RETAINING WALLS AMENDED SOILS LANDSCAPING STREET LIGHTS MISCELLANEOUS

24 ENGINEERING & INSP. 25 CONTINGENCIES

WASHINGTON MANOR FTRSTRUST BANK UPPER DUBLIN SAL PAONE

$3,276,801.65 TO 03/31/2018 4 UD 15.001 $606,632.18

ORIGINAL AMOUNT AMOUNT THIS REQUEST COMPLETED TO DATE REMAINING TO DATE QUANTITY UNIT PRICE TOTAL TOTAL UNIT TOTAL $ TOTAL UNIT TOTAL $ TOTAL UNIT TOTAL $ 1 $381,382.68 $381,382.68 8% $30,510.61 90% $343,244.41 10% $38,138.27 1 $264,535.15 $264,535.15 0% $0.00 90% $238,081.64 10% $26,453.52 1 $54,200.00 $54,200.00 0% 90% $48,780.00 $0.00 10% $5,420.00 1 $20,000.00 $20,000.00 0% $0.00 0% 100% $20,000.00 $0.00 1 $519,020.45 $519,020.45 0% 90% $467,118.41 10% $0.00 $51,902.05 1 $86,940.00 $86,940.00 0% 90% $78,246.00 10% $8,694.00 $0.00 1 $41,259.50 $41,259.50 45% $18,566.78 45% $18,566.78 55% $22,692.73 1 $383,857.45 $383,857.45 0% 61% $234,153.04 39% $0.00 $149,704.41 1 $208,003.31 $208,003.31 85% $176,802.81 85% $176,802.81 15% $31,200.50 55% 1 $25,740.00 $25,740.00 45% $11,583.00 45% $11,583.00 $14,157.00 1 $259,440.00 $259,440.00 0% 90% $233,496.00 10% $25,944.00 $0.00 1 $50,000.00 $50,000.00 20% $10,000.00 60% $30,000.00 40% $20,000.00 1 $186,372.50 $186,372.50 40% $74,549.00 40% $74,549.00 60% $111,823.50 1 $45,500.00 $45,500.00 90% $40,950.00 90% $40,950.00 10% $4,550.00 1 $204,417.00 $204,417.00 11% $22,485.87 80% $163,533.60 20% $40,883.40 1 $0.00 0% 0% $0.00 $0.00 $0.00 100% $0.00 1 0% $0.00 $0.00 $0.00 0% 100% $0.00 $0.00 1 $0.00 $0.00 0% 0% $0.00 100% $0.00 $0.00 1 $0.00 $0.00 0% 0% 100% $0.00 $0.00 $0.00 1 $0.00 $0.00 0% 0% 100% $0.00 $0.00 $0.00 1 $0.00 0% 0% $0.00 $0.00 100% $0.00 $0.00 1 $0.00 $0.00 0% 0% 100% $0.00 $0.00 $0.00 1 $0.00 $0.00 0% 0% 100% $0.00 $0.00 $0.00 $2,730,668.04 $385,448.07 $2,159,104.69 $571,563.36 1 1

TOTALS: SUMMARY: TOTAL ESCROW AMOUNT RELEASED THIS PERIOD TOTAL RELEASED TO DATE AMOUNT REMAINING

TOTAL ESCROW AMOUNT: PERIOD: ESCROW RELEASE NO: PROJECT # AMOUNT THIS RELEASE:

$273,066.80 $273,066.81

$273,066.80 $273,066.81 $3,276,801.65

$3,276,801.65 $606,632.18 $2,432,171.49 $844,630.16

CONSTRUCTION ONLY: TOTAL ESCROW AMOUNT RELEASED THIS PERIOD TOTAL RELEASED TO DATE AMOUNT REMAINING

50% 31%

$136,533.40 $84,650.71 $606,632.18

$2,730,668.04 $385,448.07 $2,159,104.69 $571,563.36

50% 50%

$136,533.40 $136,533.41

50% 50%

$2,432,171.49 ENGINEERING & CONTINGENCIES: TOTAL ESCROW AMOUNT RELEASED THIS PERIOD TOTAL RELEASED TO DATE AMOUNT REMAINING

IN PROVIDING THIS INFORMATION AS TO THE STATUS OF CONSTRUCTION, UPPER DUBLIN TOWNSHIP MAKES NO REPRESENTATION (EXCEPT WHERE EXPRESSLY STATED HEREIN TO THE CONTRARY) AS TO THE FINAL QUALITY OF THE CONSTRUCTION TO DATE; ITS ABILITY TO PASS FINAL CONFORMANCE WITH APPLICABLE PLANS, SPECIFICATIONS OR MUNICIPAL REQUIREMENTS; ITS ABILITY TO PASS FINAL APPLICABLE TEST REQUIREMENTS, OR THE COST OR DEGREE OF FUTURE WORK, WHICH WILL BE REQUIRED TO COMPLETE THE WORK TO CONFORM WITH FINAL APPLICABLE REQUIREMENTS. UPPER DUBLIN TOWNSHIP EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY FOR CLAIMS OR DAMAGES ARISING FROM ANY CONSTRUCTION DEFICIENCIES HEREAFTER DISCOVERED.

$136,533.40 $136,533.41 $844,630.16

$546,133.61 $51,882.69 $0.00 $273,066.81