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Lamar council approves sewer revenue bond framework and $2.08 million construction-services amendment for industrial pretreatment project
Summary
The Lamar City Council approved a resolution authorizing a sewer revenue bond not to exceed $45.7 million to finance Phase 2 of an industrial wastewater pretreatment project and separately approved Amendment No. 2 to a professional services agreement with Bolton & Menk for construction-phase work with a not-to-exceed fee of $2,080,000.
The Lamar City Council on Dec. 2 opened a public hearing on financing Phase 2 of a wastewater industrial pretreatment facility and moved forward with both the bond authorization and a construction contract amendment.
At the hearing, the mayor said the city plans to issue a sewer revenue bond “not to exceed principal amount of $45,700,000” to fund the project and asked for written or oral comments; no members of the public offered comment. Council later adopted Resolution 25-58 approving a sewer revenue loan agreement in a…
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