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Parks Board says vendor will split roughly $30,000 bond cost for playground; contract held through February
Summary
Deputy Town Manager Andrea Balboni told the Town of Newburgh Parks Board that a state regulation requires a contractor bond of about $29,985 for the playground contract, and the vendor has agreed to split the cost with the town; finance will review before the item goes to Town Council.
Town of Newburgh — The Parks Board heard on Feb. 5 that a state regulation tied to the playground contract requires a performance bond the vendor initially priced at $29,985, and the contractor has agreed to split that additional cost with the town.
Deputy Town Manager Andrea Balboni told board members that no contract has been signed and the vendor agreed to hold pricing through February while finance reviews the bond issue before the item goes to Town Council. "That bond is gonna cost them an additional $29,985,"…
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