The Storm Lake City Council authorized up to $7 million in general obligation bonds to provide interim financing of the Water Plant Renovation Project on Monday night, while awaiting approval from the State Revolving Fund.
Since the state will not consider the city's loan until February 2003, City Clerk Patti Moore said the city council anticipates needing to finance only about $2 million for the project in the interim.
"However, we do not have an exact time frame on the financing from the State Revolving Fund and must therefore be prepared to finance most of the costs through project notes," Moore said.
Moore said an issuance of such bonds would not cause an increase in taxes.
In other news:
* The council approved an agreement with the Iowa Department of Transportation for two improvement projects on the LakeTrail. The projects include widening of the trail from four feet to eight feet from Hudson Street east to the IDNR boat ramp and lighting along the trail in Frank Starr Park.
The estimated costs is $288,000, with the DOT grant covering 80 percent up to $208,000, according to Justin Yarosevich, administrative services director. The city's share of the project is about $80,000. Yarosevich said the bidletting would begin in February and construction would begin at the start of summer.
* The city council is also approaching the Iowa DOT for an engineering study on improving the crosswalks at the Flindt Drive and East Lakeshore Drive intersection.
The Parks Advisory Committee requested the city's Traffic Safety Team to review that intersection. That committee found that:
- While a new 8-foot wide sidewalk was installed, there was no crosswalk installed for east and westbound pedestrian traffic. Also, there was not an adequate sidewalk for north and southbound traffic.
- The intersection is a "focal point" for pedestrian traffic with the pool, campgrounds, Lake Trail and Sunrise Park.
- Law enforcement feels that intersection to be a pedestrian hazard, especially during special events and during the summer months.
Both the city engineer and infrastructure supervisor advised the Traffic Safety Team that to improve the crosswalks, the entire intersection would need to be reconfigured, according to Public Safety Director Mark Prosser.
Since Flindt Drive is under state jurisdiction as Hwy. 7, the city must request the DOT to conduct an engineering study to see what improvements can be made, Prosser said.
* A Hazard Mitigation Plan has been adopted by the city council, which identifies areas that may be affected by either natural or man-made disasters, Prosser said.
"By completing this planning process the city is in a better position to continue to plan to reduce damage and injury via a mitigation process during times of natural and man-made disasters," Prosser said in a written summary to the council.
By having a hazard mitigation plan in place, the City of Storm Lake will be eligible for an additional 10 percent in disaster relief if a Presidential Declared Disaster occurs, he said.
Staff members have been working with Northwest Iowa Planning and Development Commission on the plan.