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City authorizes bonds

By Richard Greene | Published Wednesday, January 16, 2019
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The Rhome city council approved an ordinance to issue $2.62 million in bonds to expand the Eastside Wastewater Treatment Plant Thursday.

Voters approved $2.75 million in November to cover the entire project. The sale of the bonds is expected to be complete Feb. 6.

“We authorized the bonds and will have the money in early February,” said Mayor Michelle Pittman di Credico.

The city is working with its engineers to complete designs for the improvements.

“Once the design phase is done, they will prepare the bid package and we’ll bid that out,” di Credico said. “We’re looking at 12 to 18 months to complete the project.”

In other business, the city council met with its attorney, bond counsel and public improvement district (PID) advisor during closed session on the Prairie Point and Rolling V developments. Prairie Point is a planned development with potentially more than 1,000 homes on 300 acres in the city. Rolling V is a potential development on several thousands of acres in the Rhome and Newark extraterritorial jurisdiction.

“We’re still in negotiations,” di Credico said. “We’re talking about everything. Nothing has been set in stone. We’re trying to understand development, the process and options. We’re trying to educate the council. We’re relying on the experts to guide us to what makes sense for the city.”

Mary Petty of P3 gave the council a review on the function of PIDs. A PID would apply fixed assessments on properties in the development to pay back the bonds for infrastructure – water, sewer, drainage and roads.

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