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National Grid bill for Rear Main project jumps to $922,357; city readies funding resolution
Summary
Dr. Stevens told the committee National Grid submitted a finalized cost of $922,357.33 for underground utility work on the Rear Main Street revitalization — about $658,000 higher than the original $260,000 estimate — and staff prepared a funding strategy using bond proceeds and unexpended project funds for a finance‑committee resolution.
The city’s redevelopment and planning director told the Economic Development Committee that National Grid’s finalized invoice for utility work tied to the Rear Main Street revitalization came in at $922,357.33, a substantial increase over the $260,000 figure the project used in 2023.
Dr. Stevens said city staff have prepared a funding strategy and a resolution to reallocate previously authorized unexpected bond proceeds, reprogram unexpended funds from the related Wilkins Road…
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