GO Roads Summer 2019 Update
On May 16, 2019, Palm Bay City Council approved a preliminary $50 million draw from the $150 million GO Roads paving bond which was passed by voters in November 2018. The funding disbursement follows Council’s approval of the Year One project recommendations put forth by the Infrastructure Advisory and Oversight Board. On March 7, 2019, Units 11, 15, 18, 23, 31, 32, 41, 42, 56, and Eldron (from Malabar Road to Hatcher Street and from Caribbean Street to Pineapple Cove Academy) and Garvey Road (between Malabar Road and Garbelmann Street) were selected as Year One Projects.
In the last week of June, the City of Palm Bay sought bidders for its $50,000,000 General Obligation Bonds, Series 2019. Competitive bids were received from eight bidders. The bonds were awarded to Robert W. Baird & Co., Inc, which offered the lowest True Interest Cost (TIC) of 2.67%. Closing on the bonds is set for July 15, 2019.
The City of Palm Bay will begin accepting bids from contractors for select Year One projects during the coming months. Once the bond funding is finalized following the closing, the City will be able to begin selecting contractors and finalize project plans.
Palm Bay Public Works Department’s Engineering Division has completed 100% of the paving plans for Units 31, 32, 41, 42, and Eldron Boulevard. Paving plans for Garvey Road (between Malabar Road and Garbelmann Street) are currently 90% complete. Additionally, paving plans are currently underway for the remaining Units 11, 15, 18, 23, and 56. During the planning and design phases, engineers use geotechnical tests to examine the current conditions of the base layers beneath the road surface. This information is used to ensure that the correct paving methods are selected for each street in order to build stable, long-lasting roadways.
During the summer months, the City of Palm Bay will continue work to address existing infrastructure issues in areas where paving projects will take place. The City is currently finalizing plans to complete necessary stormwater improvements including pipe crossings underneath the roadway on Eldron Boulevard, Garvey Road and in Units 31, 32, and 42. These repairs must be completed before new paving can begin. This will ensure that newly paved areas will not need to be disturbed to make stormwater improvements and that new roadways are built on stable culverts and pipe crossings.
GO Roads paving project construction is slated to begin later this year with Eldron Boulevard and Unit 41, with a tentative start date scheduled for September 2019. Based on the current timeline, paving projects for Units 31, 32, and 42 are expected to begin in October 2019.