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Collegedale plans $2.5 million sewer bond to fund pump station redo and capital work
Summary
City staff presented a multi-million-dollar sewer capital plan that includes a $2.5 million bond for a pump-station redevelopment and $2.825 million in sewer capital outlays; staff said the sewer fund must support itself and rates will be set after interest-rate details are known.
At the budget workshop staff described a sewer-enterprise capital program that includes a planned $2.5 million bond to fund a major pump-station redo and other capital projects. "We are expecting to pull a bond for $2,500,000," the presenter said, listing a total of $2,825,000 in sewer capital outlay that includes the pump station, cullochdale pump-station line items, manhole lining and CCTV inspections.
Staff said current sewer revenues are projected at $5,919,300 with expenses of approximately $5.5 million as…
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