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Board to pursue LOI for Verigee audit after presentation on water and wastewater project list
Summary
Consultants from Verigee presented a prioritized list of eight water and wastewater projects, proposed a 30% investment‑grade audit and guaranteed maximum prices, and the board directed staff to work out a letter of intent (LOI) and return the item to the next workshop for approval.
Consultants for Verigee presented findings from a facilities review and asked the Grand Island Town Board to authorize a letter of intent that would allow the firm to perform a 30% investment‑grade audit and provide guaranteed maximum prices for a pick‑list of capital projects.
"This is the final list that we've come up with," said Sam Moradis, the Verigee developer leading the audit presentation. He explained that the next step after board authorization would be detailed engineering (the 30% conceptual design) and a guaranteed maximum price for selected projects.
Steve Oteda, an account executive with Verigee, emphasized the procurement and contractual approach: once the town selects projects and Verigee performs the audit, the firm will work from that guaranteed number unless the town elects to add scope. "What's gonna happen is from Verigee's standpoint... we're beholden to that number unless you guys say you wanna add more," Oteda said.
Board members pressed on risk allocation and the use of existing engineering. Town staff and consultants said Verigee will review any existing stamped designs and incorporate them into the audit where appropriate; consultants would also provide value‑engineering notes. The consultants said they aim to position projects to be shovel‑ready and to improve competitiveness for grant funding.
Discussion covered timing (the audit was estimated at roughly two to three months after a green light, with construction durations of roughly nine to 12 months for typical projects), vendor vetting (the town retains the ability to reject subcontractors), and grant sequencing.
Board members directed staff to work with the firm to draft LOI language and to return the LOI to the board at the next meeting for approval, with attorney review before final action. There was no immediate contract approval at the workshop; the board asked the town attorney to review LOI language and for staff to prepare a form motion for the next meeting.
