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Finance committee approves $170,979 transfer to complete demolition and cleanup at Endicott Street property
Summary
The Finance Committee voted 5-0 to transfer $170,979 to cover higher-than-expected demolition costs at a City-owned site on Endicott Street after contamination and off-site disposal increased the project price; North Shore CDC has purchased 40 Endicott Street and plans senior housing at the site.
The Peabody City Council Finance Committee voted 5-0 to approve a $170,979 transfer to complete demolition and hazardous-material cleanup at a property on Endicott Street.
City staff said the demolition bid came in higher than anticipated after crews encountered localized contamination that required additional removal work and off-site disposal. The mayor told councilors the extra funds are needed to finish the job and help prepare…
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