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Fairport Harbor approves Fourth Street reconstruction contract; project funded by grants and loans
Summary
The village accepted the low bid and authorized a contract for the Fourth Street storm and sanitary improvements, funded primarily by an OPWC grant, a WPCLF loan eligible for principal forgiveness, and Lake County contributions; village out-of-pocket costs are small and limited to design and loan fees.
Fairport Harbor’s Village Council voted to accept the low bid and authorize a contract for the Fourth Street storm and sanitary improvements project, agreeing to a funding package that the village says largely shields local taxpayers from construction costs.
Village Administrator Lucas told the council the project’s total design, engineering and construction budget is about $1,345,958 and that funding will come from a $372,000 OPWC grant, a $600,000 loan from the Water Pollution Control Loan Fund (WPCLF) — which Lucas said…
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