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Seminole officials say new wastewater plant funding leaves $782,118 gap; options include rate increases, sales tax
Summary
Council and staff approved contractor draws and an easement for the new wastewater treatment plant while city staff warned a funding gap of $782,118 under current financing. Officials discussed options including targeted sales-tax increases, sewer-rate increases and operational cuts.
The Seminole City Council and associated authorities approved contract draws and an easement related to construction of the city's new wastewater treatment plant while staff told the council the project will leave a $782,118 shortfall under the current financing plan.
City staff presented recent actions taken on the project and the financing picture. The Seminole Utilities Authority approved a draw of $844,714.27 from a U.S. Department award to pay subcontractors for Crosswind Heavy Contractors, and a separate USDA-related draw of $22,588.70 for work by Wall Engineering was also approved. The council and authorities also approved a 10-foot electrical-power easement needed to supply the new…
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