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Speedway reports progress on Dr. Sharma project; 20 Fifth Street bids come in below estimate

2339626 · January 9, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Town staff told the Speedway Redevelopment Commission that the Dr. Sharma project has advanced and the town received lower-than-expected bids for reconstruction of 20 Fifth Street, with bids around $2.3 million versus an earlier $3.8 million estimate; the town issued a general obligation bond to fund that work and the Crawfordsville Road project.

Town staff reported progress Feb. 18 on a private development reimbursement and on two public-road projects, and said the town issued a general obligation bond to pay for upcoming reconstruction work.

Grant Kleinhens said the commission finalized an agreement with Dr. Sharma under which the town will reimburse about $22,000 for water and sewer connection permits and similar items once the project is complete. “They have made progress on…

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