City Commissioners To Vote On Bonding $8M In Water, Sewer Projects
By Beth Milligan | Aug. 15, 2022
Traverse City commissioners will vote tonight (Monday) on issuing up to $4.5 million in water bonds and up to $3.5 million in sewer bonds to cover infrastructure projects in the next year – the first step in a five-year plan to tackle up to $46 million in improvements to the city’s drinking and wastewater systems.
Commissioners adopted letters of intent in March indicating that the city plans to borrow up to $30 million in sanitary sewer system bond funds and up to $16 million in drinking water system bonds to make improvements to the city's infrastructure. A majority of those funds could be reimbursed through low-interest loans and or grants ...
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