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Commission awards Lexington Village sidewalk contract to Shepherd Construction with amended funding split
Summary
The commission selected Shepherd Construction as low bidder to install sidewalks for Lexington Village and amended the funding language to allow closing out the Lexington Village construction fund balance (not to exceed $21,000) with the remainder paid from consolidated TIF funds.
The Logansport Redevelopment Commission voted to award the Lexington Village sidewalk contract to Shepherd Construction and amended the funding language to allow funds to be drawn first from the Lexington Village construction account, with remaining costs charged to the consolidated TIF fund.
Staff presented bid results: Shepherd Construction submitted a low bid of $204,329.29, with other bids from MR Louthan, E & B Paving and Solid Finished Construction at higher amounts. The staff report included Shepherd's bonding, insurance and contractor licensing documentation. A commissioner said having the same contractor build houses and do sidewalks can reduce misalignment issues between driveway and sidewalk grades.
Commission discussion focused on the small remaining balance in the Lexington Village construction fund and how to reflect daily interest in the resolution. Staff proposed amending the resolution to authorize using the Lexington Village construction fund balance on the day a payment is issued and to take any remainder from the consolidated TIF fund. Commissioners agreed to amend the resolution to set a conservative not‑to‑exceed amount of $21,000 from the Lexington Village construction fund to allow closing that account and authorize the consolidated fund to cover the remainder.
A motion to select Shepherd Construction to provide sidewalks for Lexington Village in the amount of $204,329.29, with funding split and the amended not‑to‑exceed language for the Lexington Village construction fund, was made, seconded and approved by voice vote with one abstention recorded. The transcript identifies the award amount and the funding sources but does not record a roll‑call tally.
Staff noted Shepherd is qualified, submitted complete contract documents, and the commission directed staff to request prompt billing from the contractor so the account can be closed promptly.
