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Warrenton aldermen approve $8.105M water/sewer bond and $188,160 sewer‑lining contract
Summary
On Nov. 4 the Board of Aldermen approved Bill 55‑25, authorizing $8,105,000 in combined waterworks and sewerage revenue bonds (debt service estimated to be about $52,400 lower than projected and spendable proceeds about $21,400 higher), and Bill 56‑25, a $188,160 CIP CIPP lining contract with SAK Construction; both measures passed 6‑0.
The Warrenton Board of Aldermen approved two budget and procurement measures on Nov. 4.
Bond ordinance (Bill 55‑25): Joy Howard, the city's financial advisor, summarized the bond sale results and said market movement produced more favorable terms than forecast. Howard told the board that estimated debt service would be about $52,400 lower than previously expected and that spendable proceeds for project costs increased by about $21,400. Sean Flynn, bond counsel, described the ordinance as authorizing issuance of combined waterworks and sewerage system revenue bonds, series 2025, for the city. The board approved the ordinance on second reading by voice and roll call, 6‑0; the closing was set for Nov. 13.
CIP lining contract (Bill 56‑25): Public Works Director Guy Jeevers recommended awarding the 2025 CIPP lining project to SAK Construction LLC of O'Fallon for $188,160 (budgeted amount $195,000). The board introduced and adopted Bill 56‑25, authorizing execution of the contract, by roll call, 6‑0.
Votes at a glance: • Bill 55‑25 (Ordinance authorizing combined waterworks and sewerage revenue bonds, series 2025): Approved 6‑0 (roll call: Alderman Scholes — Yes; Alderman Crump — Yes; Alderman Courter — Yes; Alderman Waite — Yes; Alderman Roemaker — Yes; Alderman Lang — Yes). Closing scheduled Nov. 13. • Bill 56‑25 (CIPP lining project agreement with SAK Construction LLC): Approved 6‑0 (same roll-call pattern).
What this means: The bond action clears a financing step for water and sewer projects and showed slightly improved market terms compared with earlier estimates; the sewer‑lining contract will proceed within the adopted CIP budget.
