Welcome to our new web site!
To give our readers a chance to experience all that our new website has to offer, we have made all content freely avaiable, through October 1, 2018.
During this time, print and digital subscribers will not need to log in to view our stories or e-editions.
The price of water will increase for Fayette customers in the coming months. The Howard County Regional Water Commission is preparing to build a second clear well, as mandated by the Missouri …
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you had a login with the previous version of our e-edition, then you already have a login here. You just need to reset your password by clicking here.
If you are a current print subscriber, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
|
The price of water will increase for Fayette customers in the coming months. The Howard County Regional Water Commission is preparing to build a second clear well, as mandated by the Missouri Department of Natural Resources, at a cost of around $1.15 million.
If the lone clear well were to fail, water customers would be on a boil order for at least two weeks while the well is brought back online.
The council voted to approve the engineering report and the issuance of revenue bonds to pay for the project during its regular meeting on Tuesday, September 12.
The annual debt service to cover those bonds will be around $87,000.
Fayette is the largest customer in the water district and is required to cover 55% of that debt service, which totals more than $48,000. The cost passed on to customers would be around 52 cents per 1,000 gallons of water used. This would mean a monthly increase of at least $1.56 for each of the city’s water customers.
Joe McLiney, of McLiney and Company, the company that handles revenue bonds for cities including Fayette, along with the water commission, presented the figures to the Board of Aldermen. He said bonds will be issued after the City of New Franklin and the water district approve the report and the issuance next month.
“You need to directly pass through the cost,” McLiney told the council.
The City of Fayette is one of three members of the water commission and will vote in favor of the new project.
The city council meets regularly at 6 p.m. on the second and fourth Tuesdays of every month in City Hall. Meetings are open, agendas are published in advance, and the public is invited.
Comments
No comments on this item Please log in to comment by clicking here