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Council approves notice of intent to award $113.86M South Slope water-reclamation construction contract
Summary
Council approved a notice of intent to award the South Slope Water Reclamation Facility construction contract to IHC Construction Companies LLC for $113,862,000 and staff outlined an anticipated IEPA SRF loan of about $120 million for 2026 at ~1.9% to reduce borrowing costs; final award expected July 8.
City staff asked council to approve a notice of intent to award the South Slope Water Reclamation Facility project to IHC Construction Companies LLC for $113,862,000. The notice allows the apparent low bidder to begin contract preparations while the city finalizes financing.
Engineering staff reported they re-applied to the Illinois Environmental Protection Agency for a…
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