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Lamar council approves contracts for Well 15 and raw water main, sets public hearing on $39.9 million loan
Summary
The City of Lamar approved contracts for a new municipal well and a raw water main and scheduled a Dec. 17 public hearing on a water‑revenue loan not to exceed $39,900,000; council and staff discussed the projects' all‑in costs and contingency planning.
The City of Lamar City Council on Nov. 21 voted to award a $2,198,285.99 contract for the Well 15 project and a $287,639.60 contract for a raw water main, and set a Dec. 17 public hearing on a water‑revenue loan with a principal amount not to exceed $39,900,000.
Council action came after staff and consultant recommendations and a short discussion of project financing. The council adopted Resolution 24‑55 to award the Well 15 construction contract to L and L Builders for $2,198,285.99 and adopted Resolution 24‑56 awarding the raw water main contract to Vanderpool Excavating LLC for $287,639.60. The council also adopted Resolution 24‑57 to establish a Dec. 17, 2024, public hearing on a water revenue loan agreement…
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