During a recent government meeting, officials discussed the current capacity of infrastructure projects and the cyclical relationship between stormwater improvements and new construction. The conversation highlighted that while the community is at capacity, there are reserve projects dating back to 2002 that are just now being initiated. These projects are expected to support housing needs over the next 10 to 15 years.
The meeting also touched on the financial aspects of infrastructure, with a request for a comprehensive report on the status of existing bonds, including principal and interest details. This report aims to provide clarity on funding sources for ongoing projects.
In terms of electric rates, officials confirmed that there would be no immediate changes, with a rate study planned for January. While the base rate may need to increase, there is hope that adjustments to the power cost charge could offset this. The implementation of smart metering systems was also discussed, with officials noting that the technology has significantly improved since similar systems were deployed in nearby Leesburg. The rollout of new smart meters is seen as a crucial step before developing new rate structures.
Overall, the meeting underscored the importance of strategic planning in infrastructure development and financial management to ensure sustainable growth in the community.