Bids on first 2 Barrett Law projects in, financing yet to come

Barrett Law West map

The City of Fishers has received construction bids on the first two Barrett Law projects, but the financing for each is not in place yet, so no dollar amounts have been released on exactly how much the construction will cost.  The Fishers Board of Works and Public Safety paused the projects in March when representatives of business interests expressed concern about not knowing how much the road improvements will cost.

Barrett Law allows a city to improve private roads, have the businesses along the road pay for that work over time, then take the roads into the city’s inventory.  The first two projects proposed under this arrangement are along the northern border of Fishers on the east and west sides of State Road 37.

City officials say the business owners in each area are aware of the construction cost bids submitted, but the true cost of each cannot be determined until financing has been finalized.

Mayor Scott Fadness reminded those attending the meeting that those business owners will be allowed to remonstrate at a confirmatory vote on each project in September.  At that time, the total cost and the cost to each individual business will be known.

The city has been working to repair and improve privately-owned roads, mostly in commercial areas, that have fallen into disrepair.

At Tuesday morning’s meeting, the board approved dedication of the private roadways, allowing the city to have the confirmatory vote in September.

 

 

Barrett Law east map