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Centerville staff urge Main Street waterline rebuild; internal loan and rate changes proposed to cover cost
Summary
Public works officials described repeated water-line failures on Main Street and proposed using fund reserves (an internal loan from Fund 47) to finance reconstruction rather than a bank bond; staff noted this would require rate adjustments and discussed restructuring to an inclining-block rate to improve conservation.
Centerville public-works leaders told the council that aging water infrastructure near Main Street and Chase Lane has produced costly breaks and that a full waterline reconstruction is the most sustainable fix. Staff proposed financing the project through an internal loan from reserve Fund 47 to the water enterprise instead of issuing external debt.
Staff said the internal-loan approach would reduce interest costs compared with a bank bond and allow the city…
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