MONROE — The city has settled its lawsuit involving the construction of the re-routing of Goldmine Road and the runway extension at the Charlotte-Monroe Executive Airport with the prime contractor Boggs Paving, Inc. In the settlement, Monroe denied and rejected all claims by Boggs Paving and subsequently paid Hunter Construction, a subcontractor, $735,000 for money they claimed was due by the prime contractor. Hunter Construction had an active lawsuit against Boggs Paving for non-payment. Hunter’s lawsuit was dropped as a part of the settlement. Boggs Paving did not receive any money as a part of the settlement agreement and the city retained approximately $396,550 in liquidated damages charged to Boggs for delays associated with the completion of the two projects.
In a press release, city manager Wayne Herron said the city “is pleased with the resolution and the vindication of the city council. At the end of the day, we have a project that was under budget and will benefit the citizens of Monroe for decades.”
Both projects were completed at almost half of the original engineering estimated costs. The projects totaled approximately $7.6 million – the runway extension was estimated to cost $13 million.
The Goldmine Road relocation provides access for the most recent 1,500-foot runway extension and the ultimate length of 8,000 feet. The project also focused on intersection improvements to improve vehicular safety in the airport area. The original estimate for the project was $4.1 million and actual cost was $2.2 million.
The runway extension project was done to provide a longer runway to accommodate current demand and future increased activity from large corporate jet traffic as the airport becomes a choice for corporate aviation in the Charlotte region. The original estimate was $13.5 million and the actual cost was $5.3 million.
“The airport is now examining its project needs and developing a strategy and schedule to achieve the improvements at the airport,” said Chris Platé, executive director of economic development and aviation. “We will have the localizer and the partial ERSA expansion completed by the end of this year and the runway overlay completed by the end of 2013.”
The city is now working with the U.S. Customs and Border Protection to develop its future International Terminal. The airport is home to approximately 100 aircraft. The facility has an annual economic impact greater than $22 million, supports the continued growth of industries, and is a key driver for Monroe and Union County’s economic well being. For more information, contact Chris Platé at firstname.lastname@example.org.