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Council approves $1.79 million contract, cost-share for sanitary sewer from 90 Second to 90 Ninth Street
Summary
At a special Oct. 27 Common Council meeting, alderpersons unanimously approved a cost-share agreement with Cobalt 92 LLC and RJ 92 LLC and awarded a $1,788,910 contract to Globe Contractors to install sanitary sewer between 90 Second and 90 Ninth Street; the city’s share is $1,515,000 and developers’ share is $273,000.
The Common Council on Oct. 27 approved a sanitary sewer cost-share agreement with Cobalt 92 LLC and RJ 92 LLC and awarded a $1,788,910 construction contract to Globe Contractors for the 90 Second Street to 90 Ninth Street sewer project.
The cost-share agreement allocates an estimated $1,515,000 to the city and $273,000 to the developers, according to Katz, a city staff member. "The city share is 1,515,000 and Cobalt and 92 LLC and RJ 92 LLC would pay the remainder, which is 273,000," Katz said at the meeting.
The agreement and contract are intended to extend the city sanitary sewer…
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