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ChatGPTClaudePerplexity· Related development
Heritage Hills PID board plans a $1.25 million bond for Phase III improvements
After recommending Tri-State General Contractors' $595,313 bid for Phase II landscape improvements in November 2021, the Heritage Hills board turned to Phase III. City Finance staff said the City did not issue revenue bonds for less than $1 million but could combine the district's request with another PID's issuance. The board settled on about $1.25 million for Phase III and the extension of Legacy, rather than also borrowing for a later Phase IV. In February 2023 it approved the Phase III construction bid.[1][2][3][4]
Tri-State General Contracting Group, Inc.
What the sources say
- ✓ Verified
On November 22, 2021 the Heritage Hills board unanimously recommended Tri-State's bid for Bid 7106, Phase 2 landscape improvements, at $595,313 with additional lighting; Plains Builders bid $665,000. Staff said that under the City's bid process they had to go with the lowest reasonable bid. [1]
- Award
- $595,313
- ✓ Verified
On August 10, 2022 City Finance staff "explained that the city did not issue revenue bonds for anything less that $1 million, however, there was a PID already requesting bond issuance, so they would be able to lump in whatever cost they needed into the same bond." A board member suggested $1.25 million; in October he said Phase III was estimated at about $750,000 and "they had requested the bond for $1.25 million." The board voted on October 12 to put the specifications out to bid and on February 28, 2023 to approve the Phase III construction bid. [2][3][4]
- Bond request
- $1,250,000