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Lubbock council reassigns $1 million in impact fees to cover North Milwaukee bond shortfall
Summary
City council approved moving $1 million from Impact Fee Service Area A and reallocating other capital funds to cover a $2.6 million shortfall on the North Milwaukee bond project after receiving low bids that increased the construction estimate.
Lubbock City Council voted unanimously Oct. 14 to amend the North Milwaukee capital budget and direct $1 million in impact fee revenue from Service Area A to the North Milwaukee bond project, officials said.
Assistant City Manager Eric Carahino told the council the city received two bids for the North Milwaukee construction contract: Lone Star Durden Paving at $16,300,000 and West Texas Paving at $18,770,000. Carahino said staff’s recommended low bidder is Lone Star Durden and that the project’s total cost without contingency was now about $19,628,000 compared with the $17,000,000 currently appropriated for the project.
The shortfall of about…
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