Settlement reached on Main Street streetscape contract
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Description
Franklin plans to execute a settlement agreement with Kelchner, Inc. to resolve disputes on the Main Street Streetscape Project. The deal reduces the contract balance by $224,651.55 and provides a final payment of $314,847.94 upon completion of lighting repairs and closeout conditions.
Contract Details
Contract Amount
Final payment $314,847.94 after $224,651.55 contract balance reduction
Vendor
KELCHNER INC
Agency
Town of Franklin, OH
Contract Type
CONSTRUCTION
Document Date
May 4, 2026
Renewal Info
Settlement functions as a deductive change order and closeout of the existing construction contract, not a renewal.
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