Committee authorizes $735,014 advance deposit for Amtrak bridge construction
The Finance Administration Committee authorized an advance payment equal to 10% of the estimated construction phase cost to Amtrak — $735,014 — marking the formal launch of the bridge project; the payment is reimbursable under the signed agreement and a notice to proceed has been issued.
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The Finance Administration Committee on July 17 authorized an advance deposit of $735,014 to begin Amtrak bridge construction, representing 10% of the project's construction phase cost estimate. Committee members were told the payment follows an execution agreement signed last year and that a notice to proceed was issued the day before the meeting.
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