That the tender for the Tecumseh Road Storm Sewer and Road Improvements in the amount of $4,859,000 excluding HST be awarded to Coco Paving Inc.
And that a by-law be prepared to authorize the Mayor and Clerk to execute an agreement, satisfactory in form to the Town’s solicitor, with Coco Paving Inc.
And further that funding allocations, reflecting a total budget requirement of $5,809,500 with a $1,021,400 increase to the original allocation be accommodated as follows:
• Road Lifecycle Reserve – increase from $2,687,200 to $2,992,800
• Watermain Reserve Fund – increase from $67,000 to $93,300
• Wastewater Sewers Reserve Fund – increase from $38,300 to $112,200
• Storm Sewer Lifecycle Reserve – increase from $1,995,600 to $2,611,200