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Council approves $4.2 million Oshkosh Street reconstruction, levies assessments with 10-year payment plan
Summary
The Common Council awarded a $4,201,299 contract to PTS Inc. for Oshkosh Street reconstruction, adopted the engineer's assessment report, approved a final assessment resolution with a 10-year, 1% payment plan and authorized the public works director to approve up to $100,000 in change orders.
The New London Common Council on Feb. 11 approved a $4,201,299 contract to reconstruct Oshkosh Street between Wolf River Avenue and Pershing Street and adopted a final assessment resolution to levy costs against affected properties. The resolution includes a payment plan for assessments over 10 years at 1 percent interest.
The council voted 8-0 to award the contract to PTS Inc., after the Board of Public Works presented an engineer’s report that details estimates…
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