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Monday, May 2, 2016

$1.39M Casino deal ratified

Monday, December 3, 2012

During a special session on Nov. 30, the Monett City Council approved two construction contracts and a funding arrangement.

Council members awarded a $1,393,278 contract to Rich Kramer Construction for erecting a new City Park Casino at South Park. The new building will be located on the same site and will be approximately one and a half times the size of the 1926 structure.

Kramer is scheduled to start construction on Dec. 6 and has 180 days to complete the work, not counting days off for inclement weather. City Administrator Dennis Pyle hopes the new facility will open for use by August, 2013.

Financing for the new casino was approved in a $1.5 million lease deal with First State Bank and Community National Bank. The city will issue certificates of participation. First State Bank will purchase $1 million in certificates. Community National Bank will purchase $500,000 as will as serve as agent for the lease. Closing on the deal will be held on Dec. 18.

"We're pleased that local banks will be handling the financing," Mayor Jim Orr said.

Council members also approved a $145,017 project at the waste treatment plant. With a reduced sludge output at the plant due to changes in industrial use, sludge tanks at the plant have been taken out of use. The project will bring the tanks back into use and expand sludge storage capacity.

According to Utilities Superintendent Pete Rauch, the work involves cutting the tops off the digestors and installing mechanisms that will stir the contents to keep the solids in suspension.

Crews Construction, of Neosho, was the low base bidder at $93,267, under the $110,000 budget. Prices varied on the mechanical work, though Dean Willis, engineer for the project with Allgeier, Martin and Associates, said the price was below estimates. Rauch said the city could rebid the mechanical part next year, but he suspected the savings would not be available in a separate bid and the city would get the best deal awarding the entire job at once.

Four bids were received. Rauch expected Crews would start work by the end of the year. The project fell within budget limits and Rauch said additional money was available because he decided to delay purchasing a new $295,000 Vactor truck until next budget year.

A request to close part of Broadway for a public event was rescheduled for another meeting.

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1.39 million for the casino doesn't sound quite so high when our officials just talk about buying or delay buying a NEW (of course) .3 million dollar "vactor truck" as if it were as necessary and easy to buy as a loaf of bread!

-- Posted by common-tater on Mon, Dec 3, 2012, at 10:02 PM

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