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MELS project awaits USDA bond verification before funding closing and pre-construction meeting, council told
Summary
Council was informed that the engineer and contractor submitted insurance and bond documents for the MELS project to USDA, but USDA requires further verification of bonds before approving funding or scheduling a pre-construction meeting.
At the Oct. 8 Reading City Council meeting staff reported that the engineer and contractor for the MELS (Michigan/East/Lynn/Strong) project have submitted required paperwork, including insurance and bonds, to the U.S. Department of Agriculture for review.
According to the update, USDA needs to complete further verification of the bonds before it will approve the funding package, set a closing date for the loans or grants, or schedule a pre-construction meeting. The council received this status report as an informational item; no formal action or vote was recorded on the project at this meeting.
The update indicates progress on permitting and procurement steps but identifies the USDA bond verification as a gating item before construction scheduling can proceed.
