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Middletown CDA OKs Rebuild for 54 Washington rehab, recommends $354,750 bridge loan from city
Summary
The Middletown Community Development Agency approved Rebuild as contractor to rehabilitate the duplex at 54 Washington Street and recommended a City bridge loan of $354,750 plus financing costs to fund the work; board and finance committee votes were unanimous.
The Middletown Community Development Agency voted to approve Rebuild as the contractor for rehabilitation of the two‑family property at 54 Washington Street and recommended that the City of Middletown provide a bridge loan of $354,750 plus financing costs to cover the project.
At a Finance Committee meeting convened by Chairman Johnson, staff reported that Rebuild was the lowest responsible bidder at $354,750 and recommended awarding the contract to the company. The Finance Committee approved both the contractor recommendation and a recommendation for a bridge loan; the full board later ratified the…
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