Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Town finance presentation: Norwood middle‑school project tracking with committed budget and possible end‑of‑project surplus; turf and reappropriation options to
Summary
Tony Mazzuco, presenting project finances to the Bridal School Building Committee on Jan. 13, said the middle‑school project is roughly 91% committed against a $147.9 million budget and that, after MSBA reimbursements and pending close‑out work, the town may end the project with a modest surplus.
Tony Mazzuco (presenting for project finance staff) told the Bridal School Building Committee on Jan. 13 that the project budget, updated through December and inclusive of the invoices approved at the meeting, shows roughly $136,327,000 committed of a $147,900,000 budget (approximately 91% committed) and that the project is tracking with those commitments.
Mazzuco said staff have received MSBA reimbursement through Request No. 35/36, with the total received reported as $33,711,554; reimbursements for the subsequent requests (numbers 37 and 38) remained pending at the time of the meeting. He said the project team is tracking potential remaining cost risks — notably hazardous‑material abatement during demolition of the existing building and the unknowns that arise…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
