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Local Government

Bond hearing set for new waterline project

The Morgan Messenger of Berkeley Springs, West Virginia

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A public hearing about a bond issue for a town water project will be held at the next Bath Town Council meeting on Tuesday, October 6 at 6 p.m.

Public comment is sought about a proposed ordinance authorizing the council to issue up to $6 million in water revenue bonds to pay for the upcoming water line replacement project.

A complete ordinance is available for viewing at the municipal center.

The document calls for the issuance of not more than $3 million of Water Revenue Bonds Series 2009 A (West Virginia Drinking Water Treatment Revolving Fund Program), and not more than $3 million of Water Revenue Bonds Series 2009 B (West Virginia Drinking Water Treatment Revolving Fund Program/American Recovery and Reinvestment Act).

A legal notice published in last week's Morgan

Messenger says: "The proceeds of the bonds will be used to pay a portion of the costs and acquisition and construction of certain additions, betterments and improvements to the existing public waterworks system."

The water line replacement project is estimated to cost $4.5 million and will replace 36,000 linear feet of water line in the Jimstown Road, Harrison and Laurel avenue areas, up Rt. 9 east of town, and in the area around Berkeley Springs High School.

The project is scheduled to begin in late October. The bonds are necessary to secure funding for the project.

In order to get an okay for the project from the West Virginia Public Service Commission, the town previously approved and submitted an ordinance increasing water rates across the board by 20%.

The new rates are to go into effect once the water project is completed and will allow the town to pay the debt service on loans for the project.

The Bath Council has promised to revisit the rate increase ordinance if the town receives federal stimulus dollars for the project. The state of West-Virginia has received over $19 million in stimulus funds earmarked for water projects.

State officials have told Mayor Susan Webster the town's water project is in line for stimulus funds.



Copyright 2009 The Morgan Messenger, Berkeley Springs, West Virginia. All Rights Reserved. This content, including derivations, may not be stored or distributed in any manner, disseminated, published, broadcast, rewritten or reproduced without express, written consent from SmallTownPapers, Inc.

© 2009 The Morgan Messenger Berkeley Springs, West Virginia. All Rights Reserved. This content, including derivations, may not be stored or distributed in any manner, disseminated, published, broadcast, rewritten or reproduced without express, written consent from DAS.

Original Publication Date: September 30, 2009



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