Byron Completion Agreement Addresses Defaulted Street Project
Olmsted CountyCounty · Rochester, MN- Disclosed value
- Performance Bond and Payment Bond penal sum of $2,524,150.90; Remaining Contract Funds of $242,045.50 subject to offsets and withholdings
- From agreement
- Document date
- Oct 8, 2026
The 30-second brief
The City of Byron and Farmington Casualty Company entered into a proposed completion agreement for the 2025 Street and Utility Improvements following the contractor's default. The agreement addresses completion of remaining work, administration of subcontractors, and disposition of $242,045.50 in remaining contract funds.
Farmington Casualty Company holds this insurance contract with Olmsted County. Its other public contracts on record include work for Town of Byron and Venetian Community Development District.
Term as filed: Effective October 8, 2026, once signed by both parties.
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Contract details
- Contract type
- Insurance
- Amount
- Performance Bond and Payment Bond penal sum of $2,524,150.90; Remaining Contract Funds of $242,045.50 subject to offsets and withholdings
- Document date
- October 8, 2026
- Term
- Effective October 8, 2026, once signed by both parties
- Agency
- Olmsted County
- Source document
- City of Byron Agreement Completion Agreement 2025 Street and Utility Improvements 2026-10-08 (Agreement)
Farmington Casualty Company's other public contracts
More Olmsted County contracts
Questions about this contract
Who was awarded the insurance contract by Olmsted County?
Farmington Casualty Company was awarded this insurance contract by Olmsted County, as recorded on October 8, 2026. The contract value is Performance Bond and Payment Bond penal sum of $2,524,150.90; Remaining Contract Funds of $242,045.50 subject to offsets and withholdings.
How much is the Farmington Casualty Company contract with Olmsted County worth?
The Farmington Casualty Company contract with Olmsted County is valued at Performance Bond and Payment Bond penal sum of $2,524,150.90; Remaining Contract Funds of $242,045.50 subject to offsets and withholdings, covering insurance work.
What type of contract is this?
This is a Insurance contract, documented as a agreement record.
Where was this contract approved?
This contract appears in City of Byron Agreement Completion Agreement 2025 Street and Utility Improvements 2026-10-08 (Agreement), dated October 8, 2026 from Olmsted County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Farmington Casualty Company hold?
Farmington Casualty Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Olmsted County currently buying?
Explore Olmsted County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.