The proposal asks to borrow $7.1 million for up to 20 years. For a home valued at $100,000, the extra property tax would be $50 per year.
“To me, it is important because we’ve done a lot with our infrastructure so far, but there is a lot more to do,” Mayor Geri McCaleb said. “We want to keep going.”
In total, $10.9 million in projects have been identified that range from new street surfaces and sewer repairs to full reconstruction projects with all-new road, sewer and water lines.
Read the complete list: Download the RELATED FILE (PDF) below this story.
Special panels have met in the past year to discuss projects and how they could be funded, McCaleb said. These groups included the public, elected officials and city public works employees.
“We’ve spent all the money raised in the (2007 infrastructure bond issue),” McCaleb said. “In order to go further, we need to ask the public to keep going.”
The mayor said it is crucial to be proactive instead of reactive with the city’s public utilities.
“It is important to keep our infrastructure in good shape, because a lot of it has been here a long time,” she said. “We want to go through and fix everything and not go back (to repair it).”
City officials hope to get more bang for their buck, as well, and plan to leverage bond dollars with grants. With the 2007 bond, the city did $15 million worth of work with a $9 million bond, thanks to grants.
City officials have planned an informational meeting on the bond issue at 10:15 a.m. Wednesday, Oct. 30, at Four Pointes Center for Successful Aging, 1051 S. Beacon Blvd.
To read more of this story, see Saturday’s print or e-edition of the Grand Haven Tribune.