Bonding firm, schools still at odds over pay

By Times Staff Writer
Published March 31, 2006

HOMOSASSA - The bonding company that insured the botched Homosassa Elementary School addition wants two more weeks to respond to the Citrus school system's request for payment.

Thursday was the deadline for Atlantic Mutual Insurance Co. to acknowledge its obligations and present a payment plan. Otherwise, the school system was heading to court. School officials haven't decided whether to grant the extension. The school system seeks $500,000 plus attorneys fees; it already has held back $600,000 from contractor R.E. Graham.