town-of-ridgway-manager-s-report-water-infrastructure-energy-codes-nov-13-2024_14a.pdf
Ridgway Valley Enterprises Wins Water Pipe Replacement Project
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Description
The Town of Ridgway is awarding a contract to Ridgway Valley Enterprises, Inc. for the replacement of aging ductile iron pipe connecting the town's treated water tank. The project is financed through a $650,000 direct loan over 20 years at a 3.25% interest rate. Notice of Award is being issued following loan execution.
Contract Details
Contract Amount
$650,000.00
Vendor
RIDGWAY VALLEY ENTERPRISES INC
Agency
Town of Ridgway, IL
Contract Type
CONSTRUCTION
Document Date
November 13, 2024
Contract Term
20 years
Renewal Date
2044-11-01
Renewal Info
Initial award; no renewal provisions mentioned.
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