Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Haysville approves temporary notes to fund Lakefield infrastructure after neighborhood objections
Summary
The Haysville City Council approved sale of general obligation temporary notes to finance roads, sewer, stormwater and water work for the Lakefield Addition; nearby residents raised concerns about lot sizes, property values and drainage.
The Haysville City Council on March 10 voted to authorize the offering of general obligation temporary notes to finance infrastructure work for the Lakefield Addition, a 59-lot housing development on Meridian and 70th Street South.
The action moves an estimated $2,700,000 in temporary borrowing forward to pay for paving, sanitary sewer, stormwater drainage, water distribution and sidewalks for the project. Brett Chobrin, financial adviser with Stifel, Nicolaus & Company, told the council the preliminary estimate for the infrastructure is $2,000,472 and that the temporary notes will be converted to bonds when the projects are completed.
The resolution authorizes city staff to prepare a preliminary official statement, submit for an underlying rating and solicit bids; the sale is scheduled to be bid on April 14 with a projected…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
