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City of Elko outlines $3.9M bond balance and potential $15M arterial completion project
Summary
Elko assistant city manager Dale Johnson told the RTC the Idaho Street bond carries a $3.9 million remaining balance with $2.7 million available in the city’s debt service fund; he presented a roughly $15 million estimate to finish an arterial project that would extend pavement from the hospital to Erickhart Bridge.
Dale Johnson, assistant city manager for the City of Elko, updated the commission on local capital projects and debt. He said the Idaho Street bond matures in 2031 and shows a remaining balance of $3.9 million with about $2.7 million in the city’s debt service fund that could be used to reduce that balance.
Johnson described an arterial completion project (referred to in the packet as the 'air cart' project) with a preliminary finish estimate "right around 15 plus million" that would include full dirt-work, cut-and-fill, and extension of 9th Street to create a 35-foot-wide paved corridor from the hospital to the Erickhart Bridge. He said any major commitments would require City Council approval and that the city would seek county collaboration and commission backing where appropriate.
Johnson also reported recently completed local projects (12th Street bridge repairs and the Hot Springs Road rail crossing) and listed design projects under way, including Mill and Fill work for 12th Street and a full replacement design for River Street.
