By SUE SUCHYTA
Times-Herald Newspapers
DEARBORN – Bond counsel Pat McGow of Miller Canfield presented a capital improvement water and sewer bond request to the city council Oct. 15 during the mayor’s briefing.
The bond notice of intent resolution is for an amount not to exceed $70 million, and is for underground water and sewer infrastructure associated with the Poor Roads Initiative project.
Dearborn’s city-wide Poor Roads Initiative is a municipal infrastructure program designed to repair, reconstruct and improve deteriorating city streets, and targets potholes and structural failures on local roadways that are beyond the scope of patching.
The bond notice of intent merely sets a ceiling for the maximum amount of debt that may be issued for the water and sewer project, and does not approve or require the issuance of the bonds.
The $70 million includes $5 million cushion above the current $65 million estimate in case the bids come in higher than anticipated.
Bond repayment will come from water and sewer system revenue.
The breakdown includes $9.5 million for sewer infrastructure design, construction and installation, $60 million for water infrastructure design, construction and installation, and $500,000 for water hydrant maintenance, repair and replacement.