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Council orders $108,000 in liquidated damages, releases $273,648.65 retainage for downtown revitalization contractor amid dispute
Summary
After receiving a presentation from MC Squared—s counsel about potential extended-cost claims, the council voted to proceed with $108,000 in liquidated damages against MC Squared and to release the contractor—s final retainage of $273,648.65, subject to a complete release of liens.
Lake Jackson City Council on Jan. 23 directed staff to assess liquidated damages of $108,000 against MC Squared and to release the contractor—s final retainage payment of $273,648.65 for work on the downtown revitalization phase 3 project.
The decision followed a presentation by MC Squared—s attorney, Adam Robertson of Andrews Myers, who urged the council not to assess liquidated damages and warned that a firm assessment could prompt litigation. Robertson told the council that MC Squared contends…
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