Elizabeth trustees to consider $1.48 million settlement ending Main Street streetscape contract
Resolution 26R24 would pay Triple M Construction $1,483,345.13 to end its contract, while claims from labor and material suppliers may be filed through Sept. 8.
Elizabeth trustees are scheduled to consider a proposed $1.48 million settlement with Triple M Construction on Aug. 25. Resolution 26R24 would end the company’s contract for the Main Street Streetscape Project and resolve disputes over delays, change orders and potentially defective or incomplete work.
The Aug. 25 Board of Trustees agenda lists the resolution for possible action. Because the meeting is still upcoming, no vote or final board action has been verified.
The proposed agreement identifies the original contract amount as $2,915,834 and calls for a final payment of $1,483,345.13 to Triple M. It would terminate the Aug. 13, 2024, trade contractor agreement “for convenience,” according to the [settlement and resolution attachment](https://elizabethco.api.civicclerk.com/v1/Meetings/GetAttachmentFile(fileId=8736). The documents say the settlement would resolve disputes involving the contract scope and amount, change orders, alleged delay damages, liquidated damages, additional costs, responsibility for completing the work and responsibility for project delays.
The agreement would release known warranty, punch-list and other disputed items, but would not waive claims involving faulty or defective work that was unknown or undiscovered as of Aug. 25. It also says a significant component of the dispute involved potential design deficiencies and requires Triple M to cooperate if the town pursues a claim against its design consultant.
Payment would remain subject to a statutory final-settlement process. The town’s contractor-settlement notice sets Sept. 8, 2026, as the deadline for entities that supplied labor, materials, equipment, tools or other supplies to Triple M or its subcontractors to submit verified claims to the Town Clerk by 5 p.m. If claims are filed, the town must withhold amounts as required by law. The notice warns that failing to file by the deadline can relieve the town of liability for a claim.
The available materials do not provide a revised completion schedule, replacement contractor, rebid date or funding plan for remaining streetscape work. They address completion as one of the disputed issues but do not establish what work remains or who would perform it after Triple M’s termination.
The town’s Community Development webpage labels the Main Street Streetscape project “Complete,” but the undated page provides no closeout date or explanation reconciling that status with the settlement’s references to incomplete or defective work.