During the Clay County Redevelopment Commission meeting Wednesday, the board approved three main issues to move the construction of the new hotel on State Road 59 and State Road 42 forward.
First, the board approved a Resolution No. 2012-5, a Memorandum of Understanding with the City of Brazil. The city had already approved the memorandum. According to officials, the Redevelopment Commission will be paying back the city for their funds for the next six years. They believed the city was doing them a big favor by financing part of the project -- sewage construction that will also be available for future businesses in that area.
Officials believed this is the biggest project the Redevelopment Commission has ever undertaken. Once it is constructed, the water and sewage line will be turned over to the City of Brazil.
Second, the Commission approved Resolution No. 2012-6, which accepted easements for Hoosier Lodging and Brucker.
Finally, the board approved a contract for the construction of the water and sewer regarding bids -- Resolution No. 2012-7. The board approved mandatory alternate 1 and mandatory alternate 2 as soon as the easements are complete because the base bid was too expensive.
The board accepted the resolution using B & T Drainage and Excavating, Marshall, Ill., with their lowest bids of $466,985 for alternate 1 and $428,497 for alternate 2.