Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual Fund SIP: Why is making the first crore the hardest thing to do?
    • Top 3 PSU mutual funds with consistent returns: SBI, Invesco, Aditya Birla deliver up to 34% CAGR in 3–5 years – Money News
    • Rapid evolution in asset management space signals exciting days ahead
    • Closed-End Funds: Looking For Infrastructure Opportunities With AI Driving Them Higher
    • 3 Dividend ETFs to Buy to Turn $230,000 Into $1,000 in Monthly Passive Income
    • Leveraged ETFs Promise Bigger Returns. Here Is Why Long-Term Investors Should Weigh the Risks First
    • Next James Bond Latest Odds: Here are the 11 actors hotly tipped to play 007
    • Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Richmond Town Council allocates remaining ARPA funds as deadline nears | Richmond & Hopkinton
    Funds

    Richmond Town Council allocates remaining ARPA funds as deadline nears | Richmond & Hopkinton

    October 19, 2024


    RICHMOND — The town will be able to use its remaining American Rescue Plan Act money to fund several town hall projects including maintenance, conduct an engineering and environmental study for the 4 Richmond Townhouse Road property, benefit a local business and provide matching funds for an elevator at the police station.

    Members of the Richmond Town Council unanimously approved the requests this week, showing support for the efforts put forth by Town Administrator Karen Pinch to utilize the town’s remaining $177,983.12 in unallocated ARPA funds.

    “We need to wrap up the last of ARPA expenditures because all that money must be allocated by Dec. 31,” she explained at Tuesday’s council meeting. “I did my best to be proactive and post bids for a few quick, easy ways to spend that money that would include replacing shingles on roof, repainting the interior of town hall and finishing the porch.”

    The town selected the lowest bidders, all who were vetted through other clients or previous service to the town, to conduct the separate work at town hall.

    NSI Contractors Inc. was selected to conduct work on the roof, having submitted the lowest bid at $58,000. Pinch and Councilman Michael Colasante each noted that the company has flooring and roofing specialists, and that the company had already installed carpeting, providing quality work and finishing under budget.

    “This is the same vendor who did our carpet, and they came in below bid for that and did a great job,” Pinch said. “Roofing is a different skill, however. We have since had conversations and they have their own crew for roofing as well. They also come along well recommended.”

    ELCO Painting of North Kingstown was selected as vendor to conduct work to finish the porch area, with a bid of just $3,500 to complete work.

    Although there was one lower bidder than Scholar Painting LLC to conduct the interior work, officials said the second company was unable to provide proof it used prevailing wage. Officials said that as a result the town was unable to consider them for this project, in accordance with state regulations.

    Scholar Painting submitted a bid of $63,430, approximately $6,000 more than Shoreline, which was disqualified, and considerably less than the next lowest bid of $111,400.

    By realizing savings in these projects, Pinch said the community was able to also reallocate other funds to assist with additional projects as well. The council allocated $5,000 as a small business grant for Mama Earth, a dry cleaning business on Kingstown Road, after the company had previously failed to use an approved grant. The company had recently approached the town to see whether the grant would still be available.

    Another $20,000 will be allocated to the 4 Richmond Townhouse Road project.

    “The company who is doing it now, in order to complete the environmental thing, they need to see the engineering work,” Pinch said. “That is not something we were told they needed in advance.”

    The remaining funds, $27,803, were allocated to match a grant for installation of an elevator at the Richmond Police Station. That allocation leaves no remaining ARPA funds, officials said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Closed-End Funds: Looking For Infrastructure Opportunities With AI Driving Them Higher

    April 17, 2026

    Bet on value funds when the chips are down – Market News

    April 17, 2026

    Balanced advantage funds ramp up equity exposure as valuations ease | Markets News

    April 15, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    Mutual Fund SIP: Why is making the first crore the hardest thing to do?

    April 18, 2026
    Don't Miss
    Mutual Funds

    Mutual Fund SIP: Why is making the first crore the hardest thing to do?

    April 18, 2026

    Imagine you have a set goal in mind to build a ₹10 crore corpus for…

    Top 3 PSU mutual funds with consistent returns: SBI, Invesco, Aditya Birla deliver up to 34% CAGR in 3–5 years – Money News

    April 17, 2026

    Rapid evolution in asset management space signals exciting days ahead

    April 17, 2026

    Closed-End Funds: Looking For Infrastructure Opportunities With AI Driving Them Higher

    April 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Vanguard will now allow crypto ETFs on its platform

    December 2, 2025

    Post Office RD vs SIP: Which Grows More If You Invest Rs 5,000 Monthly For 5 Years? | Savings and Investments News

    September 10, 2025

    Astronomer Aryan Mishra to Discuss the Night Sky During Sips and Stars at Terrace on Main in BV – by Carly Winchell

    July 3, 2024
    Our Picks

    Mutual Fund SIP: Why is making the first crore the hardest thing to do?

    April 18, 2026

    Top 3 PSU mutual funds with consistent returns: SBI, Invesco, Aditya Birla deliver up to 34% CAGR in 3–5 years – Money News

    April 17, 2026

    Rapid evolution in asset management space signals exciting days ahead

    April 17, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.