The Babbitt city council accepted a $4 million bid for the West Babbitt housing development project. Rachel Contracting had the low bid at $4,049,068.63.
Additional costs include $393,400 for engineering. The city has a $2 million state bond grant and $1,450,000 from IRRRB.
George Eilertson participated by phone and gave an overview of the financing for the project. He said after the bonding grant and IRRRB funding, there is a $992,000 financing gap for the project.
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