E385 - Lake Vlly Rd Improv CDBG

The Lake Valley Road Southbound Improvement Project is a construction project that involves the widening of Lake Valley Road's southbound lane from Lakeshore Drive south to the Prescott Valley Events Center. The project includes street lighting, water main relocation, storm drain, curb, gutter, concrete multi-use path, and asphalt pavement. The project is funded by a Federal Community Development Block Grant (CDBG) and is being managed by the Town of Prescott Valley. The contract was awarded to one or more of the five vendors that submitted bids for the project. The project has a total cost of $559,035.00 for ASPHALT PAVING & SUPPLY, INC, $674,951.00 for EARTH RESOURCES CORPORATION, $559,035.00 for CLM EARTHMOVERS, LLC, $805,753.00 for FANN CONTRACTING, INC, and $668,170.50 for LINCOLN CONSTRUCTORS, INC. Some key features of this project include: • Street improvements for 1,700 feet of Lake Valley Road's southbound lane • Installation of street lighting • Relocation of water main • Construction of storm drain, curb, and gutter • Installation of concrete multi-use path • Asphalt pavement The project is expected to improve the safety and accessibility of the road, and will provide benefits to the community by enhancing the overall infrastructure of the area.