2018-02-07 / News

Sandusky to sell bonds; acquire property

BY ERIC LEVINE
810-452-2689 • elevine@mihomepaper.com

The city of Sandusky intends to sell $300,000 in bonds for a water and sewer project this year.

City Council on Monday evening was expected to adopt the resolution to issue general obligation tax bonds.

The capital improvement bonds will be issued without a vote of the electorate unless a referendum petition signed by not less than 10 percent of the city’s registered voters is filed within 45 days of publication.

The proceeds from the bonds will be used to install water and sewer mains on the north side of West Sanilac Avenue, west of Gates Road, to accommodate commercial expansion.

The improvements are needed for two upcoming developments: the Greenstone Farm Credit Services office building and the Taco Bell restaurant.

Greenstone is moving from its current location downtown.

Construction of both buildings is expected to happen in the spring or summer.

“The bonds will be repaid by new water and sewer funds from new sewer hook-ups in this district,” said City Manager Dave Faber. “There will not be any millage for this bond.”

The council on Monday was also expected to accept the donation of two pieces of property totaling about 2.17 acres from Gayla Eagle.

According to Faber, the wooded, land-locked property is situated south of the city park, between Bridgehampton and Redmond streets.

He said the city has no immediate plans for the property, other than clean up and removal of fallen trees.

He said the parcels have been for sale for several years, and the only requirement for the city to acquire the land is to pay the cost of the appraisal, the remaining 2017 winter property taxes, and issue a donation receipt for the appraised value.

He said the cost to the city will be a few hundred dollars each for the appraisal and the taxes.

Council was also expected to consider the request to buy a 2019 Western Star dump truck for the DPW at a total cost of $177,015 that includes installation of equipment.

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