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Board approves three SRF disbursement requests tied to water projects
Summary
The board authorized three State Revolving Fund (SRF) disbursements for engineering and construction pay apps, including a $45,920 final retainage release for Omera Contracting and a $84,798 disbursement to M. W. Cole Construction.
The Board of Public Works and Safety approved three SRF disbursement requests for ongoing water system work on April 7.
City staff presented three items described as SRF (State Revolving Fund) requests: an invoice from Commonwealth Engineers (amount in packet unclear), a final retainage release to Omera Contracting (pay app 22) for $45,920, and a pay application to M. W. Cole Construction (division B) that resulted in an SRF disbursement request of $84,798 after retainage of $4,473 was deducted from an invoice the packet listed as totaling approximately $89,045 (transcript text shows rounding/spacing issues).
Staff said the Omera payment finishes that division (no remaining retainage) and that M. W. Cole’s division B work was being tabled for a separate operation that requires draining a hillside tank; staff postponed that work while flood conditions continued. The city noted the hillside tank is 750,000 gallons and that draining was delayed because of storm and flood risk.
A motion to approve the SRF disbursements as presented was moved, seconded and approved with no opposition recorded. Staff said advertisement for bidding on remaining transfer-station-related projects (TSO modernization) is expected to begin in four to six weeks.
The board did not change SRF program terms or authorize new borrowing; it approved the three disbursement requests as presented.
