PALMERSTON – Reconstructing Derby Street will cost the township approximately $2.5 million in 2024.
During a Minto council meeting Tuesday evening, councillors approved tendering the Derby Street reconstruction project to Steed and Evans Limited for $2.45 million excluding HST, approximately $670,000 over budget.
While the initial budget was approved during the 2024 capital budget, staff said the tender results were higher than the budgeted estimate of $1.87 million because of conflicts between various utilities found during the project's design phase and additional items included in the contract.
Staff originally proposed Derby Street be reconstructed between Toronto Street and York Street as part of the 2024 budget due to the "declining surface," "underground infrastructure," and increased residential units built.
The end date for the project is anticipated for October or November.
Isabel Buckmaster is the Local Journalism Initiative reporter for GuelphToday. LJI is a federally-funded program.
