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Council authorizes joint funding amendment, approves preliminary bond ordinance for MLK Jr. Boulevard phase 3
Summary
Council authorized an amendment to the joint funding agreement with the Tuscaloosa County Road Improvement Commission and approved a preliminary bond ordinance to enable up to $40–$45 million in bond issuance for the MLK Jr. Boulevard phase 3 project.
Miss Standridge told the council that the Tuscaloosa County Road Improvement Commission adopted an amendment to the joint funding agreement to cover costs associated with phase 3 of the Martin Luther King Jr. Boulevard/Jack Warner Parkway project.
"As you can see, the total project right now is running at about $84,000,000," Miss Standridge said, and staff identified approximately $48 million needed to proceed with phase 3. She…
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