Monday evening members of the Plymouth Common Council approved an ordinance on 2nd and 3rd reading for the issuance of waterworks revenue bonds for a major improvement project at the Ledyard Water Treatment Plant and a water main extension. The second ordinance approved on both reading was to authorize the refunding of the 2008 sewage works revenue bond and the issuance of a new sewage work revenue bond for a major improvement project at the Sewer Treatment Plant.
The City Council also passed two resolutions approving the addition of new projects to two of the TIF Districts. In TIF #1 the projects includes the Ledyard Water Plant Improvement project with a pledge of $40,000 to $80,000 annually toward the debt service for the project and future improvements to Pioneer Drive north of US 30. In TIF #3 the new project is the future improvements to Pioneer Drive north of US30.
Plymouth Utility Superintendent Donnie Davidson and City Attorney Sean Surrisi will be on today’s What’s Your Opinion Show at 9:45 to discuss the major infrastructure projects for the water and sewer departments and the funding mechanism.
