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Gopher State Storage

home : news : news May 2, 2016

8/23/2013 10:00:00 AM
Reminder for Wyoming levy vote on Aug. 27

Wyoming residents will go to the polls Tuesday, August 27 to vote on allowing the city to sell bonds to fund roadwork. Voting is at Maranatha Church, from 7 a.m. to 8 p.m. The city council voted to ask for authority to borrow $2.7 million in road reconstruction bonds (story on information session Aug. 15 Press.)

The existing city property tax levy has $500,00 in it that is already being collected, that will support debt service for 10 years of the life of the bonds. Streets in the old part of downtown Wyoming; rated as most urgently needing maintenance and/or replacement will be the first projects done as a group, with the financing. A balance left after the estimated $300,000 annual payment for the bonds, will accrue in the dedicated roadwork account, for future projects.





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