The Bremen Town Council reviewed a bond ordinance concerning the construction of a new Wastewater Treatment Facility for approval during their meeting this week.
Jeff Rowe from Baker Tilly explained that the ordinance is to authorize the construction of the anticipated Wastewater Treatment Facility, and that the town will seek long-term funding from the State Revolving Fund Loan Program or USDA funding, or a combination of both for the estimated $16.3 million project.
The new plant would include a new maintenance building, control, chemical feed and blower building, and a sludge storage structure. The project also includes a new effluent outlet to the Yellow River, and the reconstruction of the town’s interceptor sewer through the wetland area and the manufactured home park.
A short-term bond anticipation note will also be sought to reimburse the town with design work, engineering costs, bidding documentation, and other professional fees for about $3 million. The short-term bond anticipation note would be paid off once long-term funding for the project is secured.
Rowe said the negotiation of the bond sale would close in early December, assuming the ordinance is adopted on all three readings.
The council approved the first reading of the ordinance as it was presented. Additional readings are anticipated at the council’s next meeting on Tuesday, October 11 at 4:30 p.m. ET at the Bremen Town Hall.
