The Oak Ridge City Council has approved two construction contracts worth $11.1 million total for two projects that have been discussed for years: a new Oak Ridge Preschool and new Oak Ridge Senior Center. The Preschool contract includes improvements at Scarboro Park, where the Preschool will be built.
Both contracts were awarded to Jenkins and Stiles LLC of Knoxville. Council approved them in two 7-0 votes during a special meeting on Thursday afternoon.
Both projects will be funded through general obligation bonds, a type of debt. The bonds could go to market in November and close in December.
The first contract awarded Thursday is for the construction of the Preschool and improvements to Scarboro Park. It is worth up to about $8.4 million. The Preschool is expected to be complete by November 30, 2019. [Read more…]