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Keystone approves APEAK Asphalt contracts for West Keystone and Montezuma underpass work
Summary
The council authorized two contracts with APEAK Asphalt for an overlay on West Keystone Road (not to exceed $174,109.17) and a mill-and-overlay at the Montezuma Road underpass (not to exceed $153,201.29); funding will come from the town's lodging‑tax revenue and the general fund.
Keystone’s Town Council voted to approve Resolution 2026‑25 to hire APEAK Asphalt for two road‑repair contracts: an overlay on West Keystone Road and a mill‑and‑2‑inch overlay at the Montezuma Road underpass.
"The first one is for Overlay on West Keystone Road, from the Highway 6 intersection to across the bridge… for a total cost, but not to exceed $174,109.17," the town manager said when presenting the contracts, and he described the second contract not to exceed $153,201.29. Council members asked where funds would come from; the manager said roughly half of the project funds would be drawn from the voter‑approved 2% lodging tax and the balance from the town’s general fund/public works budget.
Councilmembers discussed contractor availability and the town’s remaining capital budget; one member noted approximately $500,000 remains budgeted for new projects that year, subject to contractor capacity. After brief discussion and a motion, council approved the contract authorization by voice vote. Staff said the two contracts will be reviewed by the town attorney before signing.
