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Caldwell Tanks Inc., a Louisville-based company, submitted the low bid on the Greensburg Street water tower project Sept. 3. The bid was $918,700 – just shy of the $1 million projected cost.
Phoenix Fabricators of Indiana was the only other bidder at $1,063,441.
The proposals were opened in front of several company representatives and consultants at Hodgenville City Hall.
Brad Montgomery, vice president of GRW – the company that will oversee the project – said he will look at the bids and make sure all stipulations have been addressed. He plans to make a recommendation to Hodgenville City Council at its next meeting Sept. 14, although it could take longer.
Montgomery said Caldwell has “built probably two dozen tanks for GRW” without problem.
The 300,000-gallon water tank will be constructed at 375 Greensburg St. – the site of the old city swimming pool. The city purchased the property from the LaRue County Fair Board for $5,000 earlier this year.
The city has obtained a $300,000 grant to help with the expense of building the tower. It will replace the water tower at the southern end of Greensburg Street.
Mayor Terry Cruse said he was pleased with the amount of the bid, especially in light of recent steel price fluctuation.