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Athens council hears staff explain jump in street-rehab fund and rising transportation debt
Summary
City staff told council the street-rehab fund projection rose from $1.4 million to $1.8 million after recalculating debt service tied to Simpson Avenue and West Union Street projects; water-fund supplies also showed a large one-week increase that staff will clarify before the next meeting.
City staff told the Athens City Council that the street-rehab fund projection rose from about $1,400,000 to $1,800,000 in the most recent update, driven largely by an increase in debt service from roughly $250,000 to $600,000.
Service director said the city recalculated the debt it must pay after taking on transportation loans related to Simpson Avenue and the recently improved West Union Street.…
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