By Ray Balogh
TURKEY CREEK — Turkey Creek Regional Sewer District in a special meeting Tuesday, Sept. 28, unanimously passed an ordinance to amend the cap amount for a bond to run sewer lines along Northshore and Eastshore drives and Shore Lane.
Construction bids for the project, which will serve about 180 residents, exceeded the original $5.2 million cap previously authorized.
Andrew Boxberger, attorney for the district, advised raising the cap to $6.1 million to cover the $5.9 million estimated cost and allow for contingent expenses. He presented an amended ordinance, which passed unanimously.
Boxberger also presented the reworked figures to retire the proposed debt along with the two existing 2015 and 2018 bonds the district is currently paying off.
He said the debt load on the proposed bond was refigured so the tandem payments on those bonds will not increase homeowners’ rates.
The district will pay a total of $604,745 next year, just over $736,000 in 2023 and approximately $754,000 each year thereafter until all three bonds are retired.
When financing is closed and construction begins, residents in the project area will pay an interim rate of $31.05 a month until the system is completed and ready for hookup.
Residents will then have 90 days to connect and will pay the restated rate, which will be taken up by the board after a public hearing at its next regular meeting at 7 p.m. Monday, Oct. 18, 4852 N. 1200W, Cromwell.