The Town of Braintree is terminating an agreement with a company hired for the Petersen Pool and Rink Project.
Mayor Charles Kokoros made the announcement Thursday saying that he has terminated the agreement with Paul Cokinos and E Street LLC due to delays in permitting and construction related to the Project.
Kokoros said the company failed to provide an Updated Letter of Financing; Foundation Permit Application, Architectural Drawings of the outside of the building and a Contract executed for design and construction of the pool.
In addition, Kokoros says that E Street violated several provisions of the Ground Lease including a failure to provide proof of financing necessary to proceed with the Project and payment of outstanding balances for work performed.
Kokoros says the company remains responsible for any outstanding costs related to the project and must “vacate the property and surrender title to the facility, all tenant improvements and any design, engineering, architectural and other plans to the Town.
