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Queenstown officials say water tower project cost rose; town readies bid posting
Summary
Queenstown staff reported an anticipated $1.9 million increase to the town's water tower and infrastructure project, bringing the estimate to about $5.9 million, and said the project is approved to go out to bid. USDA requested an updated project budget.
Town officials told the Queenstown commissioners on April 23 that the new water tower and associated infrastructure project has grown in estimated cost and is ready to enter the bidding process.
The transcript records that project consultants (Rauch) anticipate an increase of approximately $1.9 million to the project budget, described as roughly $1.4 million in additional construction costs and about $412,000 for engineering. Commissioners were told the cost to rehabilitate the Wall Street water tower rose from $93,785 in 2023 to $135,000 in the current estimate. The total project cost was described in the meeting record as about $5.9 million.
Staff said an interim financing closing recently occurred and a first draw as a soft-cost reimbursement posted to the town's water/sewer fund; the meeting transcript's numeric description of that draw appears unclear and the exact amount is not specified in the record provided. USDA has requested an updated project budget; staff expect to post bid documents imminently.
Town Attorney Lyndsey Ryan said she is preparing bid documents and the commission agreed to proceed with advertising the project. The town did not record in the transcript a firm construction schedule or a final contract award; commissioners were told only that the project had been approved to go to bid.
Questions about funding sources beyond the interim financing (for example, final USDA obligations, grants, bonds or local matches) were not resolved in the meeting transcript and are not specified here.
