town-of-ridgway-town-manager-s-report-water-infrastructure-energy-codes-nov-13-2024_070.pdf
Ductile Iron Pipe Replacement Contract Awarded to Ridgway Valley Enterprises
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Description
The Town of Ridgway awarded Ridgway Valley Enterprises, Inc. a $650,000 contract, backed by a DWRF loan, to replace aging ductile iron pipes connecting the treated water tank to the original pressure reducing station. The loan runs for 20 years at a 3.25% interest rate, supporting a long-term infrastructure upgrade.
Contract Details
Contract Amount
$650,000.00
Vendor
RIDGWAY VALLEY ENTERPRISES INC
Agency
Town of Ridgway, CO
Contract Type
CONSTRUCTION
Document Date
November 13, 2024
Contract Term
20 years at an interest rate of 3.25%
Renewal Date
2044-11-01
Renewal Info
20-year loan. No renewal specified; project-based contract.
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