FACILITIESPENDING

Town of Mount Airy Town Council Meeting Agenda April 6 2026

Public Works Agreement for Southside Plaza Executed

$246,136.95 plus 10% security, and $31,985.00 contributionTown of Mount AiryTABASSEM REALTY LLCApril 6, 2026

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Description

The Town of Mount Airy entered into a Public Works Agreement with Tabassem Realty, LLC governing construction of public infrastructure for the Southside Plaza development. The developer will provide approximately $246,136.95 in bonded improvements plus a $31,985 offsite roundabout contribution and related fees, with the Town accepting completed utilities and roads into its systems.

Contract Details

Contract Amount

$246,136.95 plus 10% security, and $31,985.00 contribution

Vendor

TABASSEM REALTY LLC

Agency

Town of Mount Airy, MD

Contract Type

FACILITIES

Document Date

April 6, 2026

Contract Term

Initial security period of 3 years from execution; project schedule tied to completion and acceptance of improvements

Renewal Info

Security must be in place for an initial three-year term; if work is not completed within 2.5 years, new security acceptable to the Town is required. Agreement can terminate automatically if referenced plats are not recorded within 100 days.