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Commission approves package of waterline projects, emergency ordinances and financing measures
Summary
The Springfield City Commission approved multiple emergency ordinances, contract awards and loan applications to fund waterline replacements, utility upgrades, street sweeping, and other infrastructure work, including a note issuance that includes $2 million for the AMI meter program.
The Springfield City Commission approved a package of infrastructure measures including emergency ordinances, contract awards, and loan or note authorizations intended to accelerate water, sewer and right-of-way projects this construction season.
On second reading the commission authorized the issuance and sale of notes in an aggregate principal amount not to exceed $17,622,000 to pay for various public infrastructure projects; staff said $2,000,000 of the new debt is intended to finance the city’s AMI water-meter work presented earlier in the meeting. City finance staff explained the financing strategy uses programs from the Ohio Water Development…
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