MSA Thruway Project Funding Agreement- Assumption of Agreement

As a part of the access agreement reached between Sipple Enterprises, L.P. and Charter Homes for the newly proposed Crescent Development, Charter is assuming the obligation of Sipple Enterprises, L.P. for the MSA Thruway Project Funding Agreement initially executed between the Township and Sipple Enterprises, L.P.

Motion to authorize the execution of the Assumption Agreement between Sipple Enterprises, LP; Charter Homes at Crescent, Inc. and Cranberry Township for the assignment of the responsibilities and obligations in the MSA Thruway Project Funding agreement for Sipple Enterprise, L.P. to Charter Homes at Crescent, Inc. subject to review and approval of the Township Solicitor.