4.1. SR 06-02-1997 - Laserfiche WebLink

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CAPITAL IMPROVEMENT PROGRAM (CIP) YEAR - 1997 PROJECT AND DESCRIPTION NORTH JOPLIN STREET FRONTAGE ROAD AND SIGNALIZED INTERSECTION AT HIGHWAY 10: Construction of lateral sewer and water, surface water management pipes and ponds, the north Highway 10 frontage road and installation of the signal. WASTEWATER TREATMENT PLANT EXPANSION: The plant reconstruction will increase the capacity from 1.04 million gallons per day (mgd) to 1.64 mgd. The project was started in 1996 and will be completed in 1997. Capital Improvement Program (CIP) Year- 1997 COST AND FINANCING The total project is expected to cost $800,000 with the city financing $240,000 of this total, benefited property owners being assessed $245,000, and the state paying the balance, or $315,000. City expenses of $240,000 are broken down into the following categories: $81,000 for surface water management; $81,000 for frontage road; $78,000 for signal and intersection. The surface water management expenses will come from the Surface Water Management Fund, the frontage road expenses will come from the city Capital Projects Fund, and the signalized intersection expenses will also come from the Capital Projects Fund. The city will bond for $245,000 in 1997. This amount has been assessed to the benefited property owners. The assessments will be on a 10 year repayment schedule. This project started in 1996, and will be completed in 1997. $3.5 million total project- $1 million will be paid from the Wastewater Treatment Plant (WWTP) Reserves and the $2.5 million balance has been financed through bonds that will be repaid with WWTP operating funds and the Sewer Availability charges (new hook ups into the system). The bonds will be repaid over a 20 year period. Page 1