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Board hears plan for bond financing and two flood‑mitigation projects with FEMA support
Summary
Trustees reviewed a proposed one‑year capital budget funded primarily by a bond package; staff described river‑maintenance dredging and a Jefferson/Wood drainage upgrade estimated at about $2.5M, with FEMA reimbursement expected near $1.5M for one project.
Trustees discussed a proposed capital budget to fund completed and ongoing projects that were previously paid from operating cash. The administration said it will propose a bond package to provide a dedicated funding source: "a little over $13,600,000 in a bond," a presenter said, to cover multiple projects alongside smaller water‑fund and reserve contributions.
Gina, the project staff member, outlined two flood‑mitigation items proposed for the capital program. The first is river maintenance and sediment removal at the confluence and Rockland Avenue (an estimated contract cost of about $1,000,000 for mobilization, debris removal, testing and demobilization). The second is Jefferson and Wood Street drainage improvements, addressing disconnections in the stormwater system; Gina estimated total project completion costs, including construction management, of about $2.5 million and said FEMA approval is at an advanced stage for roughly $1,500,000 in reimbursement. "We're estimating here completion of the project...for about 2 and a half million dollars," Gina said; she added FEMA reimbursement near $1.5 million is expected.
Trustees asked about scheduling and permit durations; staff said annual maintenance is appropriate if permits remain active and noted earlier dredging removed roughly 700 cubic yards and the upcoming work is likely to require much more testing and disposal of fine silts. A trustee noted the proposed bond will increase next year's debt service and staff estimated an additional debt‑service obligation between about $250,000 and $450,000.
No bond authorization was adopted at the work session; staff will return with formal capital‑budget language and more fully developed project scopes for public review and possible bond proposals at a future meeting.
