City Manager Janice Casteel recently released a memorandum detailing where the money came from, how much has been spent and how much of the money remains.
The total money available for the project is $1.438 million. Of that amount, $1.422 million came from the state of Tennessee for right-of-way acquisition and the cost of restoring the municipal facility. The city added $10,500 Capital Improvement Projects funds, $1,200 interest earnings, $2,321 from the sale of scrap metal and $2,045 from the state for relocating the maintenance facility.
The city has spent $479,524 since October 2008, leaving a balance of $958,841 as of May 18. The city used $45,800 to purchase a bulldozer for citywide projects. The bulk of the money has been paid to RBA Construction in the amount of $358,646. According to the memorandum, there are still other items to be bid. The cost of the renovation is not expected to go over budget.
Nine holes on the east side of Dalton Pike are scheduled to open July 1.
Also, the City Council approved a resolution allowing beer sales at Waterville Golf Course. However, alcoholic beverages are still prohibited in other city parks and recreation areas.
According to TDOT, contractors are clearing right-of-way and relocating utilities. The public is asked to be aware of flagging operations to direct traffic. The estimated completion date of widening Dalton Pike from Treasury Drive to south of the golf course is June 2012.