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Fostoria officials discuss covering roughly $550,000 shortfall to complete splash pad
Summary
Council heard that a low bid for the planned splash pad exceeded available funds by about $550,000; mayor and finance staff outlined grant and local fundraising sources and said an emergency appropriation and a revised fiscal recovery plan would be required to proceed quickly.
Fostoria Mayor Donald L. Manel told city council that the splash pad project has $1,037,775 committed from a mix of local donations and grants but that the lowest responsive construction bid came in at $1,297,500, leaving the city about $550,000 short of the amount needed to begin construction.
The mayor said local funders have raised $321,075; the city holds a $150,000 capital budget grant from the State of Ohio; the Ohio Department of Natural Resources (ODNR) awarded $466,700 to pay for restrooms; and the city has pledged $100,000. He noted demolition is underway and estimated demolition costs at $57,000. He said the low…
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