$550,000 loan not enough for pump station project
October 31, 2019
The borough assembly approved an ordinance in its first reading last week that would transfer $194,695 from the wastewater fund to the Scow Bay Pump Station One project to offset the remaining cost not covered by a $550,000 loan from the state.
The Alaska Department of Environmental Conservation approved the borough's loan for $550,000 to be applied to the project, but that amount wasn't enough to cover the entire cost of the project, according to Utility Director Karl Hagerman. The lowest bid for the project came from Rock-N-Road Construction for $744,695. The borough can request a loan...