City of Carmel Board of Public Works Meeting Agenda 2026-06-17
BOT infrastructure agreement awarded to Avenew Roads
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Description
Following a public hearing, the Carmel Board of Public Works awarded a build-operate-transfer agreement to Avenew Roads, Inc. for the Merchants Square Area Road and Utility Improvements Project, including a $679,555 professional services fee and a $3,500,000.00 Phase 1 GMP for the 116th Street and AAA Way roundabout. Future phases and GMPs will be brought back for additional approvals.
Contract Details
Contract Amount
$679,555 professional services fee; Phase 1 GMP $3,500,000.00; overall GMP for other phases TBD
Vendor
AVENEW ROADS INC
Agency
City of Carmel, IN
Contract Type
CONSTRUCTION
Document Date
June 17, 2026
Renewal Info
BOT Agreement covers three phases of major road and utility improvements with future phase GMPs to be established and approved later; term and transfer timing to be defined in phase contracts.
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City of Carmel Board of Public Works Meeting Agenda 2026-06-17
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