In a recent council meeting, significant discussions centered around a construction project that has faced funding challenges and bidding issues. The project initially received only one bid of $3.2 million, prompting a reevaluation of the maintenance of traffic (MOT) plan. The council approved a proposal to close the bridge permanently during construction, which is expected to expedite the project and ultimately save costs.
After rebidding, the project attracted two bids, with the lowest coming in at $2.4 million, resulting in a savings of approximately $700,000. However, the project faced a setback when Governor vetoed a $250,000 allocation from the budget, which was part of a larger group of projects affected by the veto.
In response to the funding shortfall, staff proposed utilizing funds from utility and park improvements to cover the deficit. Specifically, $279,000 earmarked for a waterline under the bridge and $91,000 for park improvements were identified as potential sources. The council was informed that the financial estimates regarding a loan were subject to change due to accruing interest and engineering fees.
The discussion highlighted the urgency of utilizing available funds to avoid jeopardizing a $600,000 state grant, emphasizing the need for a decision on whether to proceed with the budget adjustments. The council is now tasked with determining the best course of action to ensure the project's continuation while managing the financial implications effectively.