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City secures $4.9M for Phase 2 park project as bids come in under budget

November 19, 2024 | Floyd County, Virginia


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City secures $4.9M for Phase 2 park project as bids come in under budget
During the recent Board of Supervisors meeting in Floyd County, Virginia, a significant update was shared regarding the Phase 2 project at the Park of Road and Utilities. The project, which has a budget of approximately $4.9 million, received bids that came in at just over $3 million—specifically, $3,019,000. This figure is notably $300,000 less than the previous year's bids, marking a positive shift in project costs.

The reduction in the bid amount was attributed to a clarification regarding the need for hauling dirt, which many bidders had initially factored into their estimates. With this clarification, the costs were adjusted, leading to a more favorable outcome for the county's budget.

This development is expected to have a direct impact on the community, as the successful bid will allow for the continuation of important infrastructure improvements in the area. The Board expressed excitement over the cost savings, which will enable more efficient use of taxpayer funds.

In addition to the Phase 2 project discussion, the meeting included various administrative updates and procedural adjustments, though none were as impactful as the financial news regarding the infrastructure project. The Board's focus remains on ensuring that community needs are met while managing resources effectively.

As the county moves forward with this project, residents can anticipate improvements that will enhance local infrastructure and potentially stimulate further development in the area. The Board of Supervisors is committed to keeping the community informed as these projects progress.

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Scribe from Workplace AI
Scribe from Workplace AI