(KNZA)--The Hiawatha City Commission, in a special meeting Wednesday afternoon, approved bond financing for two projects—replacement of the city's water meters and the traffic signals at 1st and Oregon.
The Commission voted to set the cost of the project bonds at $1,091,248, and authorized the city administrator and mayor to sign the necessary documents.
The bonds are to be paid off over a 20-year period.
The Commission accepted a bid proposal Monday evening for the purchase new water meters at a cost of nearly $671,000.
City Administrator Brad Scott said the annual payment for the water meters will be around $55,000.
He said plans are to retire two outstanding bonds, which should free up $56,000. That means a water rate increase will not be needed to fund the bond payment.
Scott said the annual payment for the traffic signals will be around $25,000 per year. He said the excess proceeds would go to help the street fund.
Bid letting for the traffic signal project is to take place this spring.
© Many Signals Communcations
MOST VIEWED STORIES
Box truck pursuit, stolen pickup, land two in custody
Pair arrested on meth charges after Jackson Co traffic stop
Woman struck, killed by train in St. Mary's
Three area communities awarded grants
Former Atchison officer rises through Arizona ranks
Time to file for homestead exemptions in Nebraska
Doniphan West voters reject bond issue
Train kills one in Jackson Co crash
KS flags to fly half staff as Kelly, KS delegation, mourn crash
Wood stove flu pipe blamed for Atchison fire
Atchison Co Lake closed for flooding
Hiawatha City Commission holds special meeting
Potential threat reported to Rock Port High School
Humboldt nursing home receives more than $600,000 in funds
Atchison house fire battled Monday
Challenge coins offered in remembrance of fallen deputy
Nemaha Co administrator's contract extended
JCCF awarded grant to hire executive director
LATEST STORIES
Pawnee County Commissioners meet
Falls City Council approves agreement with Citroniq
New semi trucks coming to Jefferson County
Train kills one in Jackson Co crash
Falls City church being offered to city as donation
Missing Pawnee City woman found safe
Doniphan West Superintendent to retire