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Board approves amendment allowing progress reimbursements to DelCorp while withholding 20% until project completion
Summary
Supervisors approved a revision to the airport comprehensive agreement that permits DelCorp to receive periodic reimbursements from Department of Aviation grants, while the county will retain 20% of each payment until final completion; motion passed unanimously.
Middlesex County supervisors voted Sept. 9 to amend a comprehensive agreement with DelCorp to change how aviation grant reimbursements are disbursed for construction at the county airport.
County staff presented two options for the board: (1) withhold 20% of each Department of Aviation reimbursement and release withheld portions after certificate of occupancy and substantial completion, or (2) allow the first reimbursement in full and withhold 25% of subsequent payments. Staff recommended option (1) — an 80/20…
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