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Lapeer commission authorizes bid release and bond work for $4.8 million downtown street and parking project
Summary
The commission authorized ROE to release bid documents and approved hiring municipal financial advisors and bond counsel to finance an estimated $4.8 million Park/Pine/Parking Lot No. 9 reconstruction; the commission approved bonding and DDA participation during roll-call votes.
The Lapeer City Commission on Dec. 15 authorized ROE to release bid documents and approved engaging Municipal Financial Consultants, LLC and Miller, Canfield, Paddock & Stone PLC as municipal financial advisers and bond counsel for the Park Street, Pine Street and Parking Lot No. 9 reconstruction project.The commission's action followed a presentation from Paulo Murad of Roe, who described a project that would replace aging 4-inch water mains, repair sanitary sewer segments, reconstruct road pavement,…
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