Don't Miss
Home >> News >> Bonds proposed to fund wastewater treatment plant expansion in O’Fallon

Bonds proposed to fund wastewater treatment plant expansion in O’Fallon

As documented by O’Fallon city staff, the Missouri Department of Natural Resources notified the city in 2016 that ammonia limits at its wastewater treatment plant must be reduced within a five-year timeframe. This was not optional.

In response, the city designed and is currently constructing a wastewater treatment plant expansion project. In addition to plant upgrades, improvements are needed to wells 3 and 4.

O’Fallon Wastewater Treatment Plant [City of O’Fallon photo]

To fund the cost of these projects, Mayor Bill Hennessy sponsored Bill No. 7253 to authorize special obligation bonds for a total of $5,195,000.

Additionally, Bill No. 7254, sponsored by Hennessy, proposes to authorize taxable special obligation refunding bonds to refund the special obligation bonds at a cost saving to the city. Those 2012 bonds originally were issued to refund 2001 plant projects.

At the Oct. 8 council meeting, Bills 7253 and 7254 were given a first reading. Vote for passage is expected to occur at the Oct. 22 council meeting.

In addition, Resolution 10-08-2020A was passed by a vote of 10-0, to authorize the sale of those bond series as soon as the council approves the two bills in a subsequent meeting. Passage of the resolution enables city staff to proceed with protocol items required prior to bonds being offered for bid.

Print Friendly, PDF & Email
Share this:

Comments

comments

X