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Village of Jackson board approves 2026 street contract, authorizes pre-sale of bonds
Summary
The Village of Jackson approved bids and engineering contracts for 2026 street projects, discussed targeted repairs at a damaged roundabout, and authorized resolutions to pre-sell approximately $3.43 million in general-obligation notes and $3.51 million in water-and-sewer revenue bonds; final sale amounts will be set at the April sale.
The Village of Jackson board on March 10 approved bids and professional contracts for the 2026 street-improvement program and authorized resolutions to proceed with pre-sale financing for both general-obligation and water-and-sewer debt.
A motion to approve the 2026 street improvement work on Eagle, Hawthorne, Aspen and Lynen drives — amended to include "alternate two" — set the full contract price at $2,717,324.31 and carried by voice vote. The board also approved a construction-engineering services agreement with Cedar Corp. not to exceed $275,000.
Why it matters: The projects will be funded through a combination of general-obligation notes for streets (including a TID 7 development-incentive payment) and separate water-and-sewer revenue bonds. Ariana Schmidt of financial advisor Ellers told the board the bids submitted were lower than the…
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