Monday, October 27, 2014

Intermodal Board Votes To Accept Bid For Water Tank

During the October 15th board meeting of the Southeast Arkansas Intermodal Authority, the board voted to accept the low bid to of $1,865,640.00 for a steel leg water tank submitted by Phoenix Fabricators.  The Authority has $1,766,966.22 of available grant money and there must be local matching funds provided.  To complete the project, the Intermodal must come up with $499,168.00.  There are time limits on utilizing the grant money.

Warren Mayor Bryan Martin told the board that he will recommend the City of Warren cover its share of the cost over a 3-4 year time frame.  There was no indication from Monticello, Drew County or Bradley County as to there willingness or ability to pay their 25% shares.

There was much discussion about the type water tank to build and ways to try to reduce cost.


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