Financing finalized for waterline project in Alexandria
A major waterline extension project in Alexandria will be split almost 50-50 between the city and the residents who will tap into the new line.
At its meeting on October 15, the Alexandria City Council adopted the final assessments for the project, located in the phase four, part one orderly annexation area in Alexandria Township.
Single-family residential properties will pay $6,500. The assessment can be spread over 10 years at a 5 percent interest rate.
The assessable cost of the project topped $5.3 million. The city picked up about 54 percent of it and property owners will be assessed the rest.
During the public hearing, four residents spoke. Most of their questions concerned the cost of the project. They wanted to know why the assessments weren't reduced when the bids came in nearly $900,000 under the estimate.
City Administrator Marty Schultz explained that the city was already covering more of the costs than it normally does for water projects. The city usually picks up only 30 percent of the expense.
He added that with the low bids, the assessments could have been reduced by a couple hundred dollars but the city doesn't know how the bids will come in for the second half of the project next year. Sticking as close as possible to the 50 percent split will make the assessments similar in the newly annexed area, he said.
The total construction cost to extend city water to all properties in the phase four annexation area is estimated at just over $8 million.
WATER EXTENSION AREA
The area that will receive city water is known as phase four, part one of the orderly annexation agreement with Alexandria Township. The area includes Bay Cliff Lane, South Le Homme Dieu Drive from the intersection with Bay Cliff Lane to the intersection with East Golf Course Road (County Road 70), East Golf Course Road (County Road 70) from the intersection with Fairway Lane to the intersection with South Le Homme Dieu Drive, South Le Homme Dieu Drive (County Road 70) from the intersection of East Golf Course Road to the intersection of McKay Avenue ,Van Avenue, Boys Avenue, Berg Avenue, Fluegel Lane, Le Homme Dieu View, Cherry Lane Court, Parkview Road, Cherry Lane, McCauley Lane, Brigitta Drive, Skyline Drive, Scenic Drive. Ridgeview Terrace north of Scenic Heights Road, Meadow Lane, Scenic Heights Road, Floding Circle Drive, White Oaks Circle, Whispering Oaks Drive, Royal Court, Royal Drive, McKay Avenue (County Road 70) from the intersection of Cranberry Lane to the intersection with South Le Homme Dieu Drive, Bay Lane, and Tolena Road south of the intersection with Bay Lane.