Board moves $1.425 million toward Osage Beach Parkway work; contractors' timelines set for September

The Board of Aldermen on Aug. 21 approved budget transfers and an ordinance authorizing up to $1,425,000 to be allocated to the Osage Beach Parkway expenditure account to pay contractors for planned roadway work. Why it matters: The funding move comes after the board approved contracts for Capital and Vance Brothers for paving and related work; staff said the funds will be moved from a cash fund (including prior MoDOT receipts) into an expenditure account so the city can pay the contractors when invoices are submitted. City public works director Jeff Fisher said Capital is targeting Sept. 2 to begin overlays and Vance Brothers is targeted for Sept. 15 to begin Osage Beach Parkway work and other items approved by the board. Fisher said some items budgeted in prior years were paid in 2025, which reduced apparent savings, but that the bill before the board moved the remaining cash into the appropriate expenditure line. How the decision was reached: The resolution and ordinance to transfer funds and amend the FY2025 budget were moved, seconded and adopted by the board during the meeting; staff noted that a previously approved Vance Brothers contract would be funded from the transferred cash. What’s next: Fisher and project staff will proceed with contractor coordination and invoicing; staff will report back as projects are executed and when invoices are paid.