City of Belvidere Committee of the Whole Agenda Packet 2026-06-22
City secures $9,550 escrow for Wycliffe well closure
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Description
Belvidere executed a $9,550 cash escrow agreement with Fridh Corporation to guarantee closure and sealing of monitoring wells in the Wycliffe Subdivision by October 31, 2026. The City can draw on the escrow if Fridh does not complete or pay for the work, and will release it upon verified completion.
Contract Details
Contract Amount
$9,550.00 cash escrow
Vendor
FRIDH CORPORATION
Agency
City of Belvidere city, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
Work and associated obligations to be completed by October 31, 2026
Renewal Date
2026-10-31
Renewal Info
Single‑project escrow serving as a performance guarantee through completion of the monitoring well closure work; no renewals specified.
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