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Irondale reallocates remaining 2022 bond funds to cover $2.7 million paving project
Summary
The council approved transferring leftover bond proceeds from the 2022 improvements account to pay down the city's $2.7 million paving project, which the mayor said was completed in about two years rather than the planned 12-year schedule.
The City Council authorized a reallocation of remaining 2022 bond proceeds to cover costs for a citywide paving project, effectively paying cash toward a $2.7 million paving effort.
Mayor James D. Stewart Jr. explained the 2022 bond was intended for improvements over many years but that the city completed its paving plan in roughly two years; the mayor said the remaining bond funds—reported in the resolution as $597,965.44—would be reallocated to the paving project. He said doing so meant the city “would have paid cash to do the entire paving project in the amount of $2,700,000.”
Council members noted completion of paving work in multiple districts and thanked public-works staff for accelerating the schedule. The mayor said final items remaining were striping and crack sealing and that neighborhoods across districts had been paved, with specific completion reported in Districts 2 and 4.
Why this matters: Accelerating and paying for the paving work reduces future debt service and finishes a visible capital improvement across multiple neighborhoods.
What’s next: The reallocation was approved on the consent agenda; crews will complete punch-list items such as striping and crack sealing as the final phase of the paving project.
