In a sign of the times, Minnetonka's little Shady Oak Pond is getting a lot of attention.
Sixteen contractors competed for the chance to relieve the unassuming drainage pond of built-up silt -- easily double the number of bidders that might have been interested in a robust economy, said City Engineer Lee Gustafson.
The result? "We're getting a great price," Gustafson said.
Bids ranged from $50,999 -- the low bid from Sunram Construction Inc. of Corcoran, which landed the job -- to nearly $126,000 from high bidder Kevitt Excavating LLC of Minneapolis.
The winning bid "is a sign of how bad the contractor really wants the work," Gustafson said. The city had estimated it would cost about $93,000 to get the dredging done. Eleven contractors bid under that price.
"One of the benefits of a downturn in the economy is that the city saves money in awarding these projects," said City Manager John Gunyou.
The dredging will remove decades of dirt carried into the pond by storm water running off streets.
The purpose of the 5,000-square-foot pond is to provide a place for dirt and pollutants to settle out of rain and snow melt before the water reaches Shady Oak Lake, Gustafson said.