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Board approves escrow arrangement and awards Elkhart East Area A public improvements contract
Summary
The Board authorized an escrow agreement to handle developer-funded Elkhart East Area A public improvements and awarded the construction contract to CNE Excavating subject to execution of the escrow agreement.
The Elkhart City Board of Public Works on Feb. 4 authorized the board vice president to execute an escrow agreement among Almac Inc., Lake City Bank and the city to facilitate developer-funded public improvements in Elkhart East Area A. The board also awarded bid number 24-22 for the same public improvements to CNE Excavating, the lowest responsive bidder, with a contract price of $2,483,600, contingent on full execution of the escrow…
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