Plans are moving forward for the development of Geist Waterfront Park, as the Board of Public Works and Safety awarded a build, operate and transfer (BOT) agreement with local contractor Meyer-Najem during its Tuesday meeting.

The city says it issued a request for proposals in early March.  After negotiations with the firm, Meyer-Najem was selected to not only enter into the BOT agreement, but also enter into a contract substantially similar to the Public-Private Agreement for the construction, operation, and transfer Of Phase 1 Of Geist Waterfront Park, primarily consisting of earthwork.

A public hearing was held, as required by law, but no one chose to speak.

The  BOT contract is set at $3.1 million, financed through the bonds issued for the park.

The entire BOT agreement can be accessed at this link.