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Middletown council approves guaranteed maximum prices for school projects and low‑cost tree‑relocation contract
Summary
Council accepted Colliers’ budget update and approved GMP contracts for the New Middletown Middle‑High School and Valley Elementary, authorized a $8,900 tree relocation via Northeastern Tree Service instead of a $67,000 GMP alternate, and confirmed use of bond interest and a $484,000 appropriation to cover alternates.
The Town of Middletown moved forward on multiple school‑construction decisions at its meeting, receiving cost updates and approving construction contracts and site work to advance the New Middletown Middle‑High and Valley Elementary projects.
Justin Menon (senior project manager, Colliers Project Leaders) reviewed an updated budget for the two projects. The town was authorized to borrow $190,000,000 for the bond; Colliers reported an updated combined projected project cost of approximately $193,555,300 inclusive of alternates. Available funding identified for the projects included the $190,000,000 bond authorization, a $484,000…
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