Mitchell Opens Roundabout Project Funded by Utility Surcharge
What happened
A roundabout was opened at the intersection of North Ohlman Street and West 23rd Avenue in Mitchell. The project, which included North Ohlman Street, utilized a $3.94 million State Revolving Fund loan over 30 years at 4% interest. The debt repayment is funded by a surcharge of $3.55 per utility customer per month.
From mitchellrepublic.com
Why it matters
The infrastructure project involved replacing a roadway and adding new streetscape, sewer, water, and storm drains. The funding mechanism requires local utility customers to pay a monthly surcharge to service the debt.
From mitchellrepublic.com
Who's involved
- JohnsonLocal government department managing the infrastructure project
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JohnsonSpeculative
The Johnson government agency might incur the $3.94 million loan and utility surcharges for the infrastructure project.
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The entities involved
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Johnson
human settlement in Arizona, United States of America
Nothing else this week.
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Public Works Department
former government public works agency of Victoria, Australia