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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," Balboni said, adding that the vendor "agreed to split it with us." She described splitting the cost as roughly half — about $14,000 to the town — and said finance will make a recommendation to council.
The board also discussed timing in the contract. Balboni said the contract includes a substantial completion date and that the vendor held pricing through February to avoid a price increase. "Nothing's been signed," she said, and added that the town has some budget flexibility from prior appropriations to absorb part of the cost if necessary.
Board members expressed support for moving the matter quickly to council. The Parks Board approved the meeting minutes as amended during the session but did not take a final vote on the bond or contract itself; Balboni said the matter will be on the finance agenda immediately before council consideration next Wednesday.
Background: the Parks Board has overseen the playground planning and related contracts; Balboni said prior projects used an architect and contractor model in which the contractor held bonds, whereas the current procurement through Sourcewell structures the project differently and triggered the bonding requirement. The board expects the finance committee to issue a recommendation to Town Council, which will decide whether to accept the split arrangement and approve the contract.
Next steps: Finance committee review before the council meeting next Wednesday, then Town Council consideration. If council approves, staff said they would proceed with contract execution and follow-up scheduling for construction.
