STE. GENEVIEVE – The Ste. Genevieve Board of Aldermen is expected to discuss financing/street repairs and extensions when it meets for a work session following the regular meeting Thursday.
City Administer Happy Welch said Eddie McLiney of McLiney and Company, the city’s municipal adviser told the board recently that the city could afford at $6.98 million general obligation bond without a tax increase. The bond would require a vote by taxpayers. McLiney also did additional computations if more streets were included in the project. He said a $10 million general obligation bond issue would require an increase of 27 cents for each $100 assessed valuation. Adjusting the bond issue down, would reduce the tax levy.
Welch said the aldermen would be asked to review and determine if it wishes to pursue a no tax increase bond issue or one requiring an increase, for the August election. He pointed out the deadline for filing is May, meaning the board would have to make its final decision at the April 25th meeting.
The $10 million in bonds would fund the following proposed projects.
Basler Road Extension, $1,331,144.72
Subdivision Road Costs, $1,765,716.07
City Wide Road Improvements, $6.6 million, for the following streets in the construction year indicated:
Austin (Linn to Linn) 2025
LaRose (Linn to Linn) 2025
Ninth Street (Market to Ridgeway) 2025
Scott (Linn to Linn) 2025
Audubon (Linn to Linn) 2025
Parkwood (Highway 61 to Pointe Basse) 2025
Eighth Street (Market to Washington) 2026
North Fifth Street (Washington to Kohm) 2026
Pointe Basse (Route M to Brookdale 2026
North Sixth (Jefferson to Washington) 2026
South Sixth (Market to end of street) 2026
Rozier (Center to Park) 2027
Rozier (Center to Highway 61) 2027
Jefferson (Main to Second) 2028
Market (Ninth to Fourth) 2028
Walnut (Cedar to Park) 2028
Additional streets:
St. Mary’s Road (Highway 61 to Main) 2029
Market (Fourth to Main) 2029
Market Group 2029
LaHaye (Fourth to Main) 2030
Creek (City Limits to LaHaye) 2030
Wilder (LaHaye to Biltmore) 2030
Little Rock Road (Riverview to Flood Gate) 2030
Washington Group (2031)
Jefferson Group (2032)
Parkwood Group (2033)
Maple Group (2034)