•January 26, 2022•
by Crystal Reed
NP Writer

The City Council authorized the issuance of water works and sewerage system revenue bonds of the city of Sullivan. The estimated cost of the project including legal fees and other costs of issuance of the bonds is $10,500,000.
Mike Kirk had questions about the bonds that were to be issued for water works and sewerage system bonds. Treasurer Sarah Golden explained that the payback time is 40 years. Kirk asked Commissioner Chuck Woodworth whether it would be possible to spend money to get the water plant to run for another 20 years. “It would be more in the long run to retrofit what we already have compared to building a new one,” he said. Woodworth said he originally was looking at taking what they have and upgrading it, but it would be more money to do that than build new.
Abbey Sherwood reminded everyone there is public swim at the Civic Center Thursday to Sunday. She and Golden had conversations in regard to TIF and TIF reimbursements. Sherwood added that she had talked with several people in regard to the IBEW contract.     Login or Subscribe to read the rest of this story.