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Newton seeks $2.07 million in financing for culvert work, trucks and plant repairs; public hearing set for Feb. 1
Summary
The Newton City Council on Jan. 18 adopted a resolution to pursue $2,070,746 in financing to fund culvert replacements, equipment and wastewater plant repairs and scheduled a public hearing on Feb. 1 to consider awarding the financing.
The Newton City Council voted Jan. 18 to move forward with an application to the North Carolina Local Government Commission to finance $2,070,746 for infrastructure improvements and equipment.
Interim City Manager Sean Hovis told the council the proposed borrowing would cover three general-fund items — Westbrook Drive culvert replacement ($507,700), Young Drive culvert replacement ($246,630), a John Deere 524P rubber-tire loader ($159,289) and a Freightliner rear-loader garbage truck ($202,858) — plus water and wastewater and electric fund equipment and repairs, including a WWTP lime piping feed replacement ($404,450) and fleet items. Hovis said the total estimated package is $2,070,746 and that the finance department will solicit quotes from financial institutions and return with a recommendation for award at the Feb. 1 meeting.
Council Member Beverly Danner asked that the record reflect the two culvert projects are part of the city's Strategic Plan.
By unanimous motion — moved by Council Member Jody Dixon and seconded by Council Member Jerry Hodge — the council adopted a resolution authorizing the interim manager and finance director to file the application with the Local Government Commission. A separate unanimous motion, moved by Council Member Ed Sain and seconded by Mayor Pro Tem John Stiver, called for a public hearing on Feb. 1, 2022 to consider the financing award.
The public hearing and the council's decision on a financing proposal are scheduled for the council's next regular meeting Feb. 1.
