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The Consolidated Public Water Supply District No. 1 of Howard County will ask voters to approve a $9 million waterworks revenue bond on April 7.
The bond would finance repairs, upgrades, and …
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The Consolidated Public Water Supply District No. 1 of Howard County will ask voters to approve a $9 million waterworks revenue bond on April 7.
The bond would finance repairs, upgrades, and expansions to the district’s water system. District officials say voter approval would also allow them to pursue matching grants and low-interest financing that would not otherwise be available.
The bonds would be repaid through water system revenues and would not result in any increased property taxes, the district asserts.
Planned projects include replacing and upgrading water mains along State Route Z in Franklin, relocating the water main at Highways 87 and 5 near the Boonville Bridge, installing water usage monitoring stations to reduce water loss, and upgrading mains along Highways 5, 124, 240, and State Routes W and P near Fayette.
The district serves more than 800 customers through more than 400 miles of water lines stretching from southeast and southwest Fayette to the Missouri River and near the Boone County line.
While the district’s immediate needs total approximately $4 million, the district is seeking $9 million to allow for phased improvements and grant opportunities over the next 20 to 30 years.
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