East Kennett Assumes Sewer Improvement Reimbursement Rights
Kennett Area Park AuthoritySpecial District · Kennett Square, PA- Disclosed value
- $250,975.00 project cost and $38,500.00 engineering escrow; reimbursement through the Special Purpose Part of future tapping fees
- From agreement
- Document date
- Nov 3, 2026
- Renews
- Free account
The 30-second brief
The Borough of Kennett Square recommended accepting a second amendment assigning sewer improvement reimbursement rights and obligations to East Kennett Development Corporation. The agreement provides for quarterly remittances from future tapping fees during a 10-year reimbursement period, subject to moratorium extensions.
East Kennett Development Corporation holds this construction contract with Kennett Area Park Authority.
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Contract details
- Contract type
- Construction
- Amount
- $250,975.00 project cost and $38,500.00 engineering escrow; reimbursement through the Special Purpose Part of future tapping fees
- Document date
- November 3, 2026
- Term
- 10-year reimbursement period beginning after completion of the sewer improvements; extended day-for-day during qualifying moratoriums
- Renews
- On record
- Source document
- Borough of Kennett Square Agreement Second Amendment to Sewer Improvement Agreement 2026-11-03 (Agreement)
East Kennett Development Corporation's other public contracts
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Questions about this contract
Who was awarded the construction contract by Kennett Area Park Authority?
East Kennett Development Corporation was awarded this construction contract by Kennett Area Park Authority, as recorded on November 3, 2026. The contract value is $250,975.00 project cost and $38,500.00 engineering escrow; reimbursement through the Special Purpose Part of future tapping fees.
How much is the East Kennett Development Corporation contract with Kennett Area Park Authority worth?
The East Kennett Development Corporation contract with Kennett Area Park Authority is valued at $250,975.00 project cost and $38,500.00 engineering escrow; reimbursement through the Special Purpose Part of future tapping fees, covering construction work.
What type of contract is this?
This is a Construction contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Borough of Kennett Square Agreement Second Amendment to Sewer Improvement Agreement 2026-11-03 (Agreement), dated November 3, 2026 from Kennett Area Park Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does East Kennett Development Corporation hold?
East Kennett Development Corporation 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 Kennett Area Park Authority currently buying?
Explore Kennett Area Park Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.