By Robert Medley
Plans for capital improvement projects to be funded by revenue bond money are moving forward, said City Manager Jim Crosby.
About $9 million in projects that will be funded with revenue bonds.
Crosby said the council has started work on the financing plan.
“We advertised for bonds to sell them and it will come back to the council at the first meeting in April to approve the sale of the bonds, and the money will be collected and funds transferred to city,” Crosby said.
The work includes about $3 million on State Highway 4. The first phase of SH 4 work is expected to be finished in about 18 months and the second phase would start in 2022.
The bonds would also fund $1.9 for an emergency operations center to be built to withstand tornadoes or storms and, “To make sure we do have a system that will operate no matter what happens,” Crosby said.
The other projects include paving of 11th Street from railroad tracks to the North Canadian River bridge, improvements at Taylor Park and a $2 million project for the Frisco Road interchange project.
“It’s been planned for some time and we are going ahead with the projects.
The capital improvements plan does not raise taxes and comes from an existing 1-cent sales tax, Crosby said.