Council ends standoff, approves $90M water/sewer project
by Associated Press
Published: December 18,2012
Tags: city, construction, council, elected official, enhancement, government, improvement, infrastructure, mayor, municipal, municipality, pipe, politician, Politics, public official, sewage, sewer, waste water, water
JACKSON — The Jackson City Council has ended a month-long standoff with the administration over a $90-million water and sewer project, after receiving assurances they would have another chance to weigh in on the proposed deal.
The Economic Development Committee and then the council voted to spend more than $400,000 to hire bond counsel and other financial and legal advisers to help the city craft the proposed deal.
The Clarion-Ledger reports the deal should be signed by the end of the month.
The water and sewer package, awarded to Siemens at an October council meeting, is not the typical infrastructure contract. It will bankroll $90 million of improvements, including water meter installations, water plant upgrades and sewer line repairs, using projected savings and revenue that Siemens will guarantee.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- State granted delay in implementing teacher evaluations
- Keeping our eye on... Liz Lancaster
- Officials hand mayor projects list totaling $57.7M
- Board continues to negotiate with propsective hospital buyers
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team