REDI backs plans for bond issues

Thursday, October 9, 2003 | 12:00 a.m. CDT; updated 8:26 a.m. CDT, Monday, June 30, 2008

Water and sewer bond issues on the November ballot won the unanimous endorsement of Regional Economic Development Inc.’s board of directors Wednesday.

“We need an infrastructure that meets the needs of the existing residences and businesses and allows for future growth,” REDI President Bernie Andrews said. “Upgrades and repairs are needed to make sure we can support what is already here.”

Both the city of Columbia and the Boone County Regional Sewer District have bond issues on the Nov. 4 ballot.

The city’s Proposition 1 seeks $18.5 million in revenue bonds to finance sewer projects over the next five years, while Proposition 2 seeks $28.3 million in revenue bonds for water projects. Approval would mean gradual increases in monthly utility bills through 2010.

Meanwhile, the county sewer district seeks a $3.85 million bond issue to upgrade its system and connect some older sewer lines to the city’s system. Approval would mean a 4 percent annual rate increase over the next eight years for the district’s 5,400 customers.

In addition, REDI named three new members to its board of directors Wednesday. The new members are Scott Atkins, vice president of Atkins Building Services and Products; Roger Clark, general manager of Boone Electric Cooperative; and Jim Kloman, plant manager of Columbia’s Quaker Oats facility. Each will serve a three-year term.

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