Extreme Level — High Point officers say they’ve been working for months To barter The worth of A critical renovation to Metropolis Lake Park, They typically now know the Worth ticket: $23.15 million.
Assistant Metropolis Supervisor Greg Ferguson informed The city Council Finance Committee Thursday that a enchancment package deal with widespread contractor Samet Corp. Is ready for approval Which will lock in a “assured most price” to the city of $19.89 million.
Architect’s costs, asbestos-eradicating prices and completely different funds for renovation work carried out or initiated So far convey The complete enterprise price range to $23.15 million.
The council on Monday will think about approving The enchancment package deal with Samet.
The park’s pool will get a quantity of upgrades, collectively with a redesign with new factors of curiosity, and the adjoining gymnasium is being transformed Proper into a group center.
The city’s objective is to have the enterprise carried out and the pool, which has been closed since spring 2020, reopened by Memorial Day of subsequent yr.
Ferguson additionally shared the financing plan for the renovations with the committee.
A bond package deal accredited by city voters in 2019 designated $9.5 million for the enterprise, and these funds Shall be mixed with $5.3 million in two-thirds bonds to be issued subsequent yr, Together with an interfund mortgage of As a lot as $8.3 million from the landfill submit-closure fund.
Several gadgets have been bid as alternates and have been Faraway from the enterprise scope Presently So as To attenuate The general enterprise prices, Based mostly on the city.
The Most very important Of these is a pedestrian bridge from the park throughout the lake to the Piedmont Environmental Center.
Ferguson said the city is pursuing grant funds for this. He additionally informed the committee that the Samet contract consists of 67% participation from native corporations and 24% participation from minority And women-owned enterprise enterprises.