In a recent council meeting, officials discussed a significant infrastructure project aimed at improving waterlines in the South Downtown neighborhood, which has been under design for approximately a year. The project, which is part of the Capital Improvement Plan (CIP), seeks to replace aging cast iron waterlines that are undersized and in poor condition, with an estimated cost of $2.4 million. The council is set to authorize an application for funding through the State Revolving Fund (SRF) program, which would involve a loan at a 1.25% interest rate.
The project is expected to enhance fire flows and overall water quality in the area, with construction anticipated to begin next summer. The extensive scope of work will include not only waterline replacements but also sewer upgrades, street improvements, and sidewalk installations, making it a multi-year endeavor.
During the meeting, concerns were raised about the potential impact on future water rates. However, officials assured that the project has been accounted for in the current rate structure, and no immediate adjustments to rates are expected. The first debt payment for the project is not anticipated until fiscal year 2029, following substantial completion.
Additionally, discussions touched on the environmental aspects of the project, particularly regarding tree removal. While some trees will need to be removed for construction, efforts will be made to preserve healthy trees whenever possible. The engineering staff has been actively engaging with the community to finalize details on street widths and other design elements.
Council members also inquired about the city's debt limit in relation to this project. Officials confirmed that the city remains well within its debt service ratio, projecting a ratio of 1.3 even after the loan is factored in. The council emphasized the importance of maintaining fiscal responsibility while addressing critical infrastructure needs.
Overall, the meeting highlighted the city's commitment to improving essential services while balancing financial considerations and community input.