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Council approves Teton River Park contract, adds budget adjustment to reach $2.2M
Summary
Council approved awarding the Teton River Park bid to BFC Diversified (award stated at $2,065,040) and accepted a budget adjustment to increase the project budget to $2.2M, with impact fees and a requested $100K urban renewal contribution covering the change; a $112K grant will fund tree removal.
Rexburg — The City Council approved a construction contract award and budget amendment for the Teton River Park project. Staff recommended awarding the bid to BFC Diversified and increasing the project budget to $2.2 million to cover the low bid plus anticipated change orders.
Public Works Director Keith Davidson outlined the rebid process and said the successful bid was substantially lower than initial estimates. CFO Matt Nielsen explained funding: the city carried forward higher‑than‑expected impact fees from last year and proposed a $100,000 urban renewal contribution to reach the $2.2 million total; staff also noted a grant of about $112,000 that will pay for tree removal.
Council moved and seconded the combined approval of the bid award (BFC Diversified, $2,065,040) and the budget amendment; the motion passed on a voice vote. Staff said the larger contingency and the funding mix should cover minor change orders and that construction will proceed after contracting steps are completed.
What’s next: Staff will return with contract documents and any required budget ordinance adjustments; the project schedule and change‑order handling will be managed by Public Works.
