A public hearing is set for next month regarding the City of Aledo’s issuance of up to $4,000,000 in General Obligation Bonds for the Aledo Aquatics Center project.
At Monday’s Aledo City Council meeting, the council heard the first reading of an ordinance proposing to issue up to $4,000,000 in bonds for the project.
The project’s estimated cost is $6.4 million, down from the original estimate of $7.6 million. The City of Aledo has raised $5.3 million for the project. Those donations are expected to be received over five years.
Aledo City Administrator Mike Chausse details what’s next in the process, with a public hearing set for the June 2 city council meeting.
Bids for the construction of the project came in earlier this month, with the low bid coming from Centennial Construction for $4,736,500 plus $60 per cubic yard of fill. That’s the same company that completed the Aledo Central Park Plaza project.
The construction contract for the Aledo Aquatics Center has not been awarded yet.
The City of Aledo is aiming for next month to break ground on the Aquatics Center project with a targeted opening date in May of 2026. It will be constructed at the former Aledo Farmers Grain & Coal site.