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Council Approves $8.93 Million Loan Order to Begin Victory Field Phase 2 Construction
Summary
Watertown City Council voted unanimously June 24 to borrow $8,932,206 to fund construction of Victory Field Phase 2 after a low bid from Argus and project contingencies were added to the total.
The Watertown City Council voted June 24 to approve a loan order for $8,932,206 to pay for construction of Victory Field Phase 2, clearing the way for construction to start this August.
City Manager and project staff told the council the low construction bid from Argus was $7,289,206; when a 10% construction contingency, utility company costs, separate storage building purchases and construction administration were added, the total reached $8,932,206. The council approved the loan order by roll call vote at the public hearing following a brief public comment period.
The vote follows years of planning and review. Councilors and project consultants said only two substantive design changes had been…
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