LAKE COMO, NJ — Work on two state-funded road improvement projects is under way — on Main Street from 21st Street to North Boulevard and on 17th Avenue from Oak Terrace to Main Street.
The borough council on April 7 awarded contracts totaling $784,000 for both projects to Jads Construction Co. after rejecting all bids two months earlier because they exceeded costs estimates.
The South River-based contractor received a $530,000 contract for the Main Street project, which includes replacing or repairing the storm sewer inlets and pipework, and installing curbs and handicap ramps in the two-block area.
Jads was the lowest bidder among five firms after the removal of sanitary sewer improvements to North Boulevard and a paving change reduced the project's cost by nearly $117,000.
The work is being funded through a 2018 Local Aid Infrastructure Fund grant, administered by the state Department of Transportation (DOT) for addressing emergencies and regional needs.
Jads also received a $254,000 contract for the 17th Avenue project, which includes the repair and replacement of storm sewer inlets and pipework, and related work.
Jads was the lowest bidder among five firms after the removal of Oak Terrace improvements reduced the project by some $111,400. The project is being funded through a 2019 state Municipal Aid grant of $240,000.
Last year, Lake Como was among 537 municipalities in the state sharing $161.25 million in Municipal Aid grants awarded through Transportation Trust Fund (TTF), which is fueled by the New Jersey’s per-gallon gas tax to pay for road, bridge and mass-transit projects across the state.
Under the Municipal Aid grant program, each county is apportioned a share of the total funding based on population and the number of local centerline miles. Municipalities compete for portions of their county’s share, with 95 percent of all towns receiving a grant last year.
N.J. Department of Transportation provides 75 percent of the grant amount when a town awards a contract and the remaining 25 percent upon completion of the project.
In 2019, Monmouth County received nearly $13 million, awarded to 52 municipalities. The full list of towns and awards for 2019 by DOT is available on its website by clicking here.
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