Commissioners on Tuesday voted unanimously to a partial settlement with Orion Dredging Services LLC, the original contractor that worked on the Hernando Beach channel dredging project.
Orion sued the county after commissioners removed them from the project for not adhering to the contract and finishing the project according to pre-set time lines. Orion blamed defective design specifications provided by the county and its project consultant, Halcrow Inc.
The county then hired BCPeabody to finish the dredge.
Staffers worked with Harvey-Taddeo Inc., Orion's subcontractor, to work out an agreement that acknowledges it owes Orion at least $4.36 million but would pay the company $1.7 million (to be divided between Orion and Harvey-Taddeo).
All parties will then dismiss and release their claims against each other, according to the settlement.
Hernando County, meanwhile, will continue its litigation against Halcrow.
Also at Tuesday's meeting:
Peck Sink is located off Wiscon Road.
The money will come from a variety of sources, including $115,000 from a Florida Department of Environmental Protection grant.
Since 2002, Accuform has operated at the Hernando County Airport Industrial park, growing from 20,000 to 97,000 square feet of manufacturing space.
Continued growth prompted the sign company to expand and build a new 304,000-square-foot headquarters and manufacturing operation on a 40-acre parcel in the corporate park section of the airport.
The company intends to add 195 more jobs to its existing 271-employee base, generating an average $422 million in personal income annually. At full employment, Accuform is expected to contribute some $47 million to the county's gross product.
In addition to the county's injection of incentive money, the airport qualifies for infrastructure grants totaling more than $2 million.