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TDOT raises town road project deposit


The price tag for the Campbell Station Road extension has increased more than 10 percent.

At a special called Farragut Board of Mayor and Aldermen meeting Tuesday, town administrator Dan Olson said the town was notified last week by the Tennessee Department of Transportation that they have revised the costs for the project.

In order for the project, scheduled to bid let this Friday, to move forward the town would have to make an additional deposit of $1,155,820 with the state.


Olson said that figure could be increased or decreased “depending on the bids.”

The town will find out the exact figure two weeks after the project is bid let, he added.

“We have three companies interested. Bidding should be competitive,” Olson said.

The funds for the additional deposit would come from the capital project fund in the current fiscal year’s budget, but the increase could cause some delay on future projects.

“We may or may not have to amend the current fiscal year budget, depending on what our actual expenditures are going to be in the capital account,” Olson said. “I can’t give you an exact amount, whether or not we will exceed that. Most likely we will exceed that amount.”

Olson added that he was confident the town has the money to make the additional deposit.

“We have sufficient cash on hand to make this deposit,” Olson said. “I think we’ll be OK. I am confident we have the cash to do this. I think we should make that positive statement to TDOT that we’re ready to go ahead.”

The FBMA voted unanimously to appropriate $1.2 million for the additional costs, but not without some apprehension.

“I find it a little ridiculous that we’ve been waiting on this project for two years and they’re saying that costs have gone up because of time delay, and they’re the time delay,” Vice Mayor Mike Haynes said. “It’s very frustrating when a town like Farragut tries to be responsible in their financial planning.”

The tentative date TDOT originally set to bid out the project for construction was spring 2003, but wetlands located behind the Kroger and Kmart properties on Kingston Pike caused the project to be postponed.

Town engineer Darryl Smith said the increase was not because of delays but rather “a low earlier estimate.”

The additional cost brings the project price tag to more than $9 million, Mayor Eddy Ford said. A Local Interstate Connector grant, approved by TDOT, will cover $3 million of the project’s cost.

“A nine million dollar project is the biggest project we’ve ever done,” he said, adding that if the town did not appropriate the additional funding the price tag would have increased more each year.

“If we delay another two years we’ll see fourteen percent increase in costs,” Ford said.

Olson said he expects to see even more increases for the project in the future.

“I fully expect change order requests … they’ll want additional money,” he said, “but I don’t think we’ll see something of this magnitude.”

Once the project is bid let, construction could begin this summer.

When construction begins, an extension will be built from Kingston Pike to Concord Road, south of Pleasant Forest Cemetery.

The project is expected to take two years. Once completed, the new more-than-one-mile road will have five lanes with sidewalks on each side.

The extension will help alleviate congestion around Kroger and Farragut High School.

 

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