City Council Authorizes Issuance of Bonds for Water Plant
•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. … Read More
