Kalamazoo plans to issue bonds to help repair capital, water and wastewater infrastructure.
Kalamazoo plans to issue bonds to help repair capital, water and wastewater infrastructure.
The city of Kalamazoo is planning to issue $68.25 million of bonds to fund critical upgrades to the city's infrastructure.
The City Commissioners approved three "notice of intent" resolutions to issue up to $11.75 million in Capital Improvement Bonds, $45.5 million in Water Supply System Bonds and $11 million in Wastewater System Revenue Bonds.
According to the notice of intent to issue bonds, capital improvement bonds will be used for "acquiring and constructing major street and local street improvements, including traffic signal upgrades; acquiring, constructing, furnishing and equipping public safety facilities improvements; acquiring and constructing park and recreation improvements; acquiring information technology equipment; and acquiring public services and public safety equipment; including all related equipment, site improvements, appurtenances and attachments."
Water Supply System Bonds will be used for "paying all or part of the cost of additions, extensions and improvements to the water supply system of the city, including water main and service line improvements and replacements, treatment plant improvements, tank and storage improvements, pump station and booster improvements, well replacement and water meter improvements, together with all necessary equipment, furnishings and all appurtenances and attachments."
Wastewater System Revenue Bonds will be used for "paying all or part of the cost of acquiring and constructing additions, extensions and improvements to the wastewater system of the city, including new and replacement mains, treatment plant improvements and other facilities improvements, together with all necessary structures, equipment, furnishings, site improvements and all appurtenances and attachments."
Utility work includes water main expansions in Cooper Township and Richland Township. Other improvements will be made at various points of treatment within the system. Cork Street and Oakland Drive will have utility work, and a new water tower will go up in Texas Township.
“It all comes down to system reliability,” Kalamazoo Department of Public Services Director James Baker told MLive, “and ensuring we continue to provide the best in water quality.”
The bonds will be issued without a vote unless 10% of registered voters in the city sign a petition within 45 days of the notice of intent.
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