MFEC Parking Garage Settlement Agreement

The MFEC Parking Garage Settlement Agreement is a contract between the City of Port St. Lucie, the Community Redevelopment Agency of the City of Port St. Lucie, and Suffolk Construction Company, Inc. The agreement settles claims related to the design and construction of the parking garage and civic center building. The contract includes provisions for repairs, payment, and warranties. Key aspects of the contract include: * The contractor, Suffolk Construction Company, Inc., will perform settlement work, including repairs to the parking garage and civic center building. * The city and the contractor will share the costs of retaining a third-party engineer to inspect the chord plate repairs. * The contractor will provide a one-year warranty for the settlement work. * The contract includes provisions for payment, including a payment schedule and retainage. * The contract also includes provisions for indemnity, safety, and cleaning up. The scope of work includes: * Repairing the parking garage and civic center building * Performing settlement work, including repairs to the chord plate * Providing a one-year warranty for the settlement work * Paying for the settlement work, including retainage * Indemnifying the city for claims related to the settlement work * Maintaining safety measures and cleaning up the project site