Plymouth Board of Works Approves Watershed Study

Posted on Author Lenny Dessauer

The City of Plymouth will pay for a watershed study of a flood-prone area. The Board of Works gave a conditional approval Monday night to spend $27,600 to look at the area of Lincolnway East, Kingston Avenue, Jefferson Street and Pennsylvania Avenue, as soon as the money is found in the city’s budget. Area residents have expressed concerns over drainage problems. Plymouth Wastewater Superintendent Donnie Davidson says the city needs to know what is there in order to fix it properly. Continue reading →

S&P Upgrades Plymouth’s Bond Rating

Posted on Author Lenny Dessauer

A “recent trend of strong financial performance” has caused Standard and Poor’s to upgrade the City of Plymouth’s bond rating from A to A+. The higher the bond rating, the more favorable the interest rate the city will get when it sells bonds to fund public works projects.

The assessment comes just as the city prepares for the refunding of sewage works revenue bonds and for the sale of waterworks revenue bonds later this week.

The city is looking to finance comprehensive renovations of the Ledyard Water Treatment Plant and water main extensions. The bond sale looks to gather $5.5 million for the projects.

Continue reading →