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The Board unanimously approved $8,177,174 for the Old Greenwich School expansion and renovation project, including $480,393 for roof replacement and $1,418,842 to raise contingency from 7% to 10%. The additional contingency is subject to partial or full release after the Board receives documentation supporting the need.
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The approved school project funding increased from $6,277,940 to $8,177,174, and the related bonding resolution was amended to match. The Board also approved $1,061,000 for North Street Bridge rehabilitation and its bonding resolution. Greenwich reported receiving AAA ratings from both Moody’s and S&P, the highest ratings possible.
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