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EDC approves road contract, amends economic-development agreements and updates bank signatories; several items tabled
Summary
At its March meeting the Rio Grande City Economic Development Corporation (EDC) voted to award a road construction contract, amend multiple economic-development agreements after executive session, and update authorized bank signatories. A presentation on a downtown building refurbishment was tabled for a later meeting.
The Rio Grande City Economic Development Corporation voted on several administrative and project items at its March 17 meeting, approving a construction contract, amending economic-development agreements after executive session and updating bank signatories while tabling a presentation on a proposed downtown refurbishment.
The board awarded a construction contract for the Los Velas (Los Pinos/Los Velas) Road expansion project to the lowest bidder, GA Utilities LLC, following a recommendation from Sam Engineering and Surveying. The contracting discussion included schedule expectations, required bonds, a 60-calendar-day completion target from notice to proceed, and a $250-per-day liquidated-damages clause in the contract. The board voted to approve the award.
After an executive session conducted under the Texas Government Code…
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