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Spring Hill council finalizes Webster Road special-benefit assessments and authorizes bonds to repay temporary notes
Summary
The council approved an ordinance to levy final assessments for the Webster Road Special Benefit District and a resolution to issue general obligation bonds to retire temporary construction notes for the North Webster Street project, moving the project into the maintenance phase.
The Spring Hill City Council on April 24 approved an ordinance levying final assessments for the Webster Road Special Benefit District and voted to issue general obligation bonds to replace temporary notes used to finance North Webster Street construction.
City Finance staff member Mrs. Dunn, who presented the item, said the work at Wizzwell Farms and North Webster Street represents “a couple of years worth of work” and that the project is now moving into maintenance. She told the council the total amount to be bonded and assessed for the district is $3,550,000 and that residential lots were being assessed a temporary…
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