Ottawa council seeks ultimate $1.5 million in loans for Riordan Pool bid – Shaw Native

Building on the brand new Riordan Pool at 500 E. Norris Dr. in Ottawa is working on time, with Vissering Building working via the winter to have the challenge completed in time for the unofficial begin of summer time, Memorial Day weekend.

The Ottawa Metropolis Council voted Tuesday to put on file an engagement letter between the town and Bernardi Securities to acquire a further $1.5 million in loans to pay for the pool.

Mayor Dan Aussem mentioned this bond will cowl the prices that went over the unique estimate. The pool has a complete price of $6.7 million.

“This was mentioned after we initially bid it out,” Aussem mentioned. “We had been fearful that it got here in over however we’d already finished the bonding course of, so that is to cowl the place we’re brief.”

Aussem mentioned he’s receiving weekly updates and he’s seen footage from inside the development website. He mentioned the challenge seems to be very nice, and he’s excited to see what it seems to be like when it’s completed.

Vissering Building’s $6,714,670 bid to construct the brand new Riordan Pool was accepted in September, and whereas the associated fee is greater than the anticipated $5 million funds laid out by the town, the determine was consistent with the contractor’s fall bid and rising development costs.

“We knew from after we budgeted and from different issues we’ve labored on, just like the YMCA challenge, that it wouldn’t be a shock that costs got here in greater,” Aussem mentioned. “The provision chain is hard, however on the finish of the day, I believe everyone is OK with transferring ahead.”

Commissioner James Much less remained the only real no vote on the pool via a lot of the course of, though there was not a lot dialogue in opposition to it throughout Tuesday evening’s assembly.