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Wheeling council approves up to $6 million bond anticipation note for sewer projects
Summary
The Wheeling City Council on July 15 approved an ordinance to authorize a combined waterworks and sewerage system bond anticipation note of up to $6,000,000 to finance immediate sewage system work, including digester cleaning, a centrifuge replacement and related engineering.
The Wheeling City Council on July 15 adopted an ordinance authorizing the issuance of a combined waterworks and sewerage system bond anticipation note of not more than $6,000,000 to finance improvements and extensions to the city’s sewage system.
The ordinance, read into the record as an item of unfinished business, covers design, acquisition and construction costs for improvements to the sewage portion of the combined public waterworks and sewage system and authorizes sale and related documents for the notes. Mayor McGruder called for the vote after introductions; the motion passed.
Council members heard from City Manager Mister Herron earlier in the meeting that three projects were included in the note to address higher-priority needs: digester cleaning and repair, replacement of a centrifuge and associated engineering work. Herron said approving the bond anticipation note allows the city to “get a jump start on this work.”
Nut Graf: The measure gives the city short-term financing flexibility to begin several wastewater projects the manager described as needing to be done sooner rather than later; the council did not specify a repayment schedule or final sale terms during the meeting.
Council did not provide a detailed vote tally in the record excerpt; a roll call was conducted and the mayor announced the motion approved. The ordinance text presented to council indicates the notes would include provisions addressing rights and remedies of registered note owners and costs of issuance.
Discussion and next steps: Herron told council the wastewater projects will be further discussed with engineers at an upcoming public works committee meeting. The bond note was described as temporary financing for work “not otherwise provided” by current appropriations; council action authorizes staff to proceed with issuance procedures and related contract work. No timeline for sale of the notes or debt-service implications was given in the meeting record.
Ending: The council’s action clears the way for the city to proceed with the specified wastewater repairs and related engineering; the city manager said staff will bring project-level plans and schedules to committee for further review.
