Nearly $20 million bond sale approved
The Sugar Land City Council voted unanimously to approve a bond issue in the amount of just over $19.8 million to pay for various water and sewerage related projects that are part of the FY 2017 capital improvement plan.
The bond sale will bring the city $20.5 million, according to meeting documents, because the bonds will be sold at a premium, as bids were received Tuesday morning, according to the those documents.
The bulk of the proceeds—$14.02 million—will fund surface water related projects and another nearly $5 million will be earmarked for improvement projects related to drainage and utility systems, the documents show.
Finance Director Jennifer Brown told council members the city’s true interest costs on the bonds will be about 3.14 percent.
Contract awarded to update and expand water facility
Council members voted unanimously to award a $4.29 million contract to a construction firm to expand and improve the Riverstone Groundwater Plant off the Brazos River south of University Boulevard.
The contract calls for bid winner W.W. Payton Corporation to build a second 1.5 million gallon water storage tank at the site, and to update the storage tank that already exists there among other work.
Tim Jahn, assistant city engineer told council members the project would not require any water shut-offs for residents.
The city received six bids for the job, with the highest bid coming in at nearly $4.9 million, according to meeting documents.
The work is expected to begin in April and last until May 2018, Jahn said.
Water task force members appointed
Council members appointed 13 people to serve on a task force that will be charged with studying and making recommendations for the city’s water supply and management plan.
According to meeting documents, the task force will have three specific tasks:
- to evaluate the water plan’s objectives
- to provide feedback on the options such as projects, programs, or management policies for water supplies
- to provide feedback on the final framework of the plan
The city received 37 applications from people interested in serving on the task force, Katie Clayton, water resources manager, told council members.
The appointments were approved unanimously.
