Plowing snow from Perry’s streets might be on residents’ minds now, but part of the money raised from the city’s planned issue of $2.7 million in general obligation bonds would go toward a hot-mix asphalt (HMA) resurfacing of about 60 blocks’ worth of city streets next summer.
At its last meeting, the Perry City Council approved the letting of bids for the $980,000 project. Bidding will end Feb. 24, and a public hearing is scheduled for March 7 to review the bids and discuss options for the project.
The $980,000 price tag is an estimate provided by the city’s engineering consultant, Matt Ferrier of Ames-based Bolton and Menk Inc.
“Matt has been talking to some of the companies and letting them know we have this project coming,” Perry City Administrator Sven Peterson said at Monday’s meeting. “So we’re hoping large firms like Manatts Construction or Grimes Asphalt will take an interest and give us a really good price.”
As currently conceived, financing for the HMA project would come from two sources: local option sales tax (LOST) revenues would cover $850,000 of the cost. The remaining $130,000 would be paid by road use tax funds. Perry’s LOST was passed by voters in 2010 and is set to expire in 2020.
If approved, the HMA resurfacing would be done next summer, with a completion date on or before Aug. 12.