Tuesday, July 9, 2013
To start construction on a new sewage treatment plant and expand its sewerage system connections, the city of Holts Summit plans to seek a low-interest loan through the Missouri Department of Natural Resources State Revolving Fund.
Holts Summit City Administrator Brian Crane said city is seeking low interest loans to help reduce the cost of issuing up to $7 million in revenue bonds approved by the voters two years ago.
Last April, the Holts Summit Board of Aldermen approved a series of ordinances designed to bring the city into compliance with United States Department of Agriculture standards to qualify for low-interest U.S.D.A. loans to help finance the planned new sewage treatment plant and improvements to the city’s sewerage system.
Also last April, Lake Mykee voters approved a $1.5 million bond issue to upgrade its sewerage system.
Lake Mykee officials have indicated an interest in cooperating with Holts Summit to connect with the Holts Summit sewerage system in an effort to end its current problems of complying with state sewage treatment regulations.
Lake Mykee, a community of about 350 people just north of Holts Summit, could use part or all of the $1.5 million bond authorization money for sewer line improvements and expansion to Holts Summit instead of trying to build and operate its own treatment plant.
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