Mayor Jamie Mayo and the Monroe City Council invites the media and interested parties to attend the ribbon cutting event below.
RIBBON CUTTING TIME/DATE: 2 pm Wednesday, May 16, 2018
LOCATION: Across from 114 Venable Lane, Monroe, LA 71203 (in front of the project sign)
PROJECT SUMMARY: The overall Highway 165 North Water Infrastructure Improvement Project is funded, in part, with a grant from the Delta Regional Authority, in the amount of $1,014,000. The City of Monroe will provide approximately $692,659 in matching funds, together with the right-of-way. The May 16th ribbon cutting ceremony will recognize the completion of Phase 1 of this project.
Mayor Jamie Mayo says, “This is a perfect example of city government working with private industry to produce excellent paying jobs and impact our city in a positive way. My administration was able to work directly with Governor John Bel Edwards, Southern Lifestyle Developers, CenturyLink and IBM as cooperating partners to secure the Delta Regional Authority Funding. And, we give a special thank you to David Creed and his team at North Delta Regional Planning & Development for helping us process the grant and negotiate the financial agreement with the DRA.”
The DRA made the grant based, in part, upon the projected economic impact of the CenturyLink and Century Village developments. The developments are estimated to produce an approximate 60 created and retained jobs at CenturyLink and 144 created and retained jobs at IBM, plus jobs related to the growth & development of Century Village. The ultimate impact of this total development is expected to be more than 400 new jobs. The DRA grant also leverages investments from the private sector and other public funds as follows: CenturyTel Service Group ($6,252,000); Southern Lifestyle Development – Century Towers, LLC ($14,000,000); and, State of Louisiana ($12,000,000) for the facilities at Century Village.
Phase 1 (completed) CONSTRUCTION CONTRACT AMOUNT: $948,587.69
• Added a new 10-inch water main to feed into the Century Village development which includes the new IBM/Century Tower and other mixed residential, commercial, and retail developments.
• The project also extended the existing 16-inch water main along U.S. Highway 165 North to improve potable water service and fire protection to the CenturyLink corporate headquarters and residential developments around it (which include Egrets Landing and The Reserve).
Phase 2 (future project)
• Will construct a new water storage tank and booster station near the intersection of Forsythe Extension and U.S. Highway 165 North. This project design is in progress.
• We expect to advertise for bids for this project around July 2018, subject to agency approvals.
FUNDING SOURCES: Delta Regional Authority Grant, City of Monroe Capital Infrastructure Sales Tax Revenue Fund, and City of Monroe Water Capital Fund.
CONTRACTOR: C.B. Developers, Inc.
ENGINEER: Denmon Engineering, Inc.