Brick Township officials have approved a settlement agreement with Earle Asphalt Company, engineering firm Alaimo Group and Earle’s insurance carrier over a dispute stemming from the township’s 2010 road construction contract.
After the work was completed in the township’s Hollywood Manor neighborhood, Brick Township held back $85,771 since it was determined that there were deficiencies in the project, including cracking and improper sealing, said Township Attorney Kevin Starkey. Earle then sued Brick seeking the payment, and Brick filed a counterclaim against Earle over the matter. Brick also named Alaimo Group, which designed the project, and Federal Insurance Company, the bonding firm backing Earle, in the filing.
Under the settlement agreement, Earle will drop its claim against the township and Alaimo will deposit approximately $85,000 into a township account, which will make Brick whole to the tune of $175,000, the estimated cost to perform repair work.