Streets needing repairs is one of the biggest challenges facing city leaders, and $4 million could go a long way toward making improvements.
That’s how much the Mayor and Board of Aldermen hope to use with funds secured through general obligation bonds. The board began the process during its meeting Monday.
“This will be the last bond we’re able to do so we need to use this money wisely,” Mayor Diane Delaware said.
Sue Fairbank, a bond attorney for the Butler Snow law firm who will be representing the city, said the funds should be available within 90 days once the process is complete.
“Just because the money will be available doesn’t mean we need to start spending it right away,” Delaware said to the board. “We need to make this money go as far as possible, and hopefully we will be able to get some grants and look at some other ways to get the most for our money.”
The city plans to dedicate the funds to road work, but the money can be used for other public projects if a need arises and there is money available.
More details about the city’s plan to secure $4 million in bonds can be found in the legal notice on page 13 of this edition.