POLAND — The special committee learned at Tuesday night’s session that the Route 26 sewerage project was $430,000 under budget.
Wright Pierce notified select individuals that its engineering services were $130,000 under budget and contractor Pratt & Sons finished the $2.8 million job $300,000 under budget.
The board approved spending up to $50,000 from the city’s allocation under the Federal American Rescue Plan Act to offset higher asphalt costs for road construction projects.
City manager Matt Garside said the cost of liquefied asphalt has risen to $800 a ton from an expected $670 a ton. He said the higher costs for asphalt totaled $36,000 and increases were also seen in culverts, gravel, diesel and calcium.
The balance in the ARPA fund is $127,405.
Manager Director Daniel Lay of HM Payson delivered a year-end report on the city’s investment portfolio. He recommended that the city set aside $150,000 from the Stone Trust account in a cash and bond account. This number is the amount approved by the city assembly for expenses related to the planning phase of the Ricker Library expansion.