Edmond gets ready for infrastructure improvements
EDMOND — City financial officials are expected this summer to sell $48 million in bonds to pay for water and wastewater improvements. Over the next five years, the city is expected to spend an estimated $300 million for infrastructure improvements.
The infrastructure project is expected to take care of Edmond's needs for the next 30 years.
The bonds will be paid off partly with water and sewer rate increases that started last year and are expected to occur on Nov. 1 of every year for a five-year period.
Officials expect to pay for the entire improvement package with $150 million of bond sales, reserve money and the recent and future rate increases.
The first set of bonds will fund four projects estimated to cost $43.5 million. They include Spring Creek and Chisholm Creek lift stations for an estimated $18 million and a lift station at 33rd Street and Interstate 35 for an estimated $4.5 million.
Also among the projects are large collector lines for an estimated $12 million, and a water resource recovery facility administration building to cost an estimated $9 million.
Water line projects will increase service reliability during peak water usage, and the wastewater interceptor project will address lines with insufficient capacity, said Kris Neifing, water resources superintendent.
The projects are expected to be bid before September.
The administration building is expected to be completed by December 2017. The other projects are scheduled to be completed in January 2018.
The city completed a water and wastewater master plan in December 2013 that recommended expanding the capacity of the Coffee Creek Water Resource Recovery Facility, formerly called the Coffee Creek Wastewater Treatment Plant.
Of the $300 million improvement package, the two largest projects will be the water resource recovery facility and the water treatment plant expansion, Neifing said.
Diana Baldwin, Staff Writer