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Crown Point approves SRF payouts, awards lead-line bid and advances downtown interceptor work
Summary
The Crown Point City Board of Works on May 7 approved several State Revolving Fund disbursements and moved forward on multiple water and wastewater projects, including a recommended award for lead service-line replacement and partial payouts tied to the recently completed wastewater contract.
The Crown Point City Board of Works on May 7 approved several State Revolving Fund (SRF) disbursements and moved forward on multiple water and wastewater projects, including a recommended award for lead service-line replacement and partial payouts tied to the recently completed wastewater contract.
City staff said the SRF approvals included disbursement number 41 for $8,300 and disbursement number 42 to release contractor retainage of $32,748; the board approved both motions. "Our phase 4 project, we finally received SRF approval on the, additional work items," Al, a city staff member, told the board when requesting the approvals.
Why it matters: The approved disbursements and signatures let the city draw on subsidized financing for several capital projects and allow contractors to be paid as work progresses, advancing replacements of aging water infrastructure and downtown sewer work.
The board authorized the mayor to sign a preliminary engineering report acceptance form…
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