Council approves Page Park revitalization funding, bond authorization and $3.3M construction contract

The Bristol City Council voted to fund the next phase of Page Park’s revitalization, approving a $600,000 appropriation and related internal transfers and authorizing the issuance of up to $10.65 million in bonds to finance the project.

A council member read and the council adopted a resolution to appropriate $600,000 from the capital projects fund and to transfer $368,295 within that fund for Page Park improvements. At a subsequent roll call the resolution passed.

Council then authorized issuing bonds or notes in the aggregate amount of $10,650,000 to finance Page Park revitalization; the motion was moved by Mark and approved by roll call. The bond authorization will allow the city to cover construction, design and related project costs as the city completes appraisals, bids and contract documents.

Council also awarded contract 2C26-016, Page Park Improvements Phase 2, to Yildiz Industries LLC for $3,303,000 and authorized the mayor to execute the necessary contract documents so work can move forward. The project award was the subject of an earlier special Board of Finance meeting to gather the necessary line-item funding.

Why it matters: the package of actions—appropriation, bond authorization and contract award—moves Page Park from design and planning into an active construction phase. Council members said the project will be funded through bonding and capital project funds and emphasized the city’s debt capacity covering large-scale projects rather than operating funds.

Next steps: with the contract awarded and bond authorization in place, staff will finalize contract documents and begin construction scheduling. Council indicated the project will proceed subject to usual municipal contracting and oversight procedures.