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Council approves $1.212 million GMP amendment to begin Wyrick Drive work for Cheetah Lake Park project
Summary
Lebanon approved a guaranteed maximum price amendment of $1,212,000 to begin work on Wyrick Drive frontage and utility stubouts for the Cheetah Lake Park project, with city leaders planning a second GMP amendment for park amenities when additional funding is secured.
The Lebanon City Council on Oct. 8 approved Guaranteed Maximum Price (GMP) amendment No. 1 totaling $1,212,000 to begin early work on the Cheetah Lake Park improvement project, focusing on the Wyrick Drive frontage and utility backbone.
City Manager told the council the overall project originally cost‑estimated at about $7.4 million had been value‑engineered and the city currently has roughly $5.2 million available. He said the…
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