Officials plan to seek funding for street improvement project
KINDER — Officials plan to seek funding from the state Bond Commission to help offset the cost of a major street improvement project.
The town council adopted a resolution Thursday making application to the commission for a $1.3 million street bond issue to resurface streets.
“This will allow us to go the Bond Commission on July 20 to get their approval,” bonding attorney Alan Offner of Foley and Judell said.
If the commission approves the application, bids for sale of the bonds could be accepted in August. Debt service for the bond issue would be about $350,000 a year. It would be retired with a sales tax approved by Kinder voters in 2001.
Mayor Wayland LaFargue said plans for the project call for the overlay and repair of about 50 streets. “Our roads are in terrible shape,” LaFargue. “It’s about time we get them overlaid.”
LaFargue has asked each council member to make recommendations for the worst streets in their area. Those streets will be considered as priority, he said.
“And hopefully in another four years down the road we will be able to do the rest of the streets,” LaFargue said. “But 50 streets is going to help us out a lot.”