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Staff member says substation must be rebuilt; bond estimate about $2 million while alternate quotes exceed $5 million
Summary
Participants discussed rebuilding the town substation, citing a bond of approximately $2,000,000 and alternate contractor quotes above $5,000,000; speakers said local labor capability offers payback and that a cooperative takeover of electric service would be contingent on the rebuild.
Participants at the meeting said the town's substation must be rebuilt and discussed how to pay for it. The chair referenced working with "SME" and estimated a bond of about $2,000,000; he also said alternate quotes from outside contractors exceed $5,000,000.
A staff member said local labor capability provides a significant payback because some of the work can be performed in-house, and that the cooperative would not take over the town's electric supply until the substation is rebuilt. Staff also noted a possible 2 to 2.5 percent downside variance in rates depending on how the project proceeds.
Speakers discussed potential integration/site differences if the rebuild were performed by an outside contractor. No procurement decision, contract award, or formal approval for the bond was recorded in the transcript.
