YOUR BUSINESS AUTHORITY
Springfield, MO
Springfield sanitary sewers
The city of Springfield is looking to reach a goal it set several years ago.
The upcoming ballot asks Springfield voters to approve $12.5 million in general obligation bonds to complete sanitary sewer installation for all of the unsewered areas in the city – a proposal Mayor Tom Carlson said “holds greater significance than you might think,” in his recent State of the City address.
The bonds would be repaid by residents who receive the new sewer services, meaning most citizens would not see a change in their sewer bills, according to the ballot language.
City Manager Tom Finnie said the bill, if passed, would actually save new sewer users money by allowing the city to obtain bonds with lower interest rates.
“If the election is successful, it would be a (general obligation) bond, and the interest rates are lower, so we can pass that lower cost on to the citizen who is hooking up,” he said. “If it’s not successful, we would float what’s called a revenue bond, and that has a higher interest rate, so the person hooking up would have to pay a little bit more every month. A yes vote helps the citizens who need the sewers keep the costs down.”
He added that there is no way to tell what the actual interest rates would be on those bonds until they are actually applied for.
The bond money would pay to complete the city’s effort to put sewers in all the incorporated areas of Springfield, an effort stated by city leaders in 1996.
Finnie said that approximately 96 percent of the developed area in Springfield is currently on city sewers; the bond issue would fund the remaining 4 percent.
Republic
The city of Republic also has two issues on the ballot. One involves the possible creation of water impact fees for new homes in the city. The fees – $340 per dwelling as well as various fee levels for commercial properties – would be used to pay for expanded municipal water facilities.
The other issue is the possible addition of the village of Brookline. If the measure passes, Brookline would be incorporated into the city of Republic. Brookline officials have said they approve the idea because of the village’s need for better infrastructure.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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