The Bethany City Council has approved the issuance of around $2 million in bonds for street improvements.
The Bethany Republican-Clipper reported that a representative from Edward Jones met with the council on a timetable to begin selling the bonds prior to a meeting of the Federal Reserve Board on Dec. 16, at which time interest rates are likely to be raised. With that in mind, the council voted to issue $2 million of the $3.7 million in bonds approved by voters this past April. This would allow for the city to begin seeking bids for the first projects under the street improvement plan.
The council also reviewed a plan to hire former Trenton Street Supervisor Larry Griffin to serve as an advisor on the project. He would make recommendations to the city on roadbed and drainage preparations for asphalt overlays as well as being responsible to check the quality of the work by the contractors. The city attorney is to review the contract before it is given final approval.
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