Fulton Officials Discuss Improvements to Wastewater Treatment Plant
FULTON - The city of Fulton will hold a town meeting Thursday night to discuss a bond initiative that could fund improvements to the wastewater treatment plant. On April 8th residents will vote on funding options for the improvements.
"The project will cost about $13 million," said Mayor LeRoy Benton.
There are two ways the project could be funded, depending on how residents vote. One option for funding is through a bond.
A bond, issued by the state, would allow the city to receive a lump sum of $13 million dollars to pay for improvements. It would take the city around 20 years to pay back the bond, said Benton.
If residents vote against the bond initiative they would have the option of pay-as-you-go. This method of funding would increase the sewer portion of residents' utilities bill by $20 a month for about a year.
The EPA and Missouri Department of Natural Resources are requiring Fulton to complete necessary improvements to the plant by December 31, 2016. Upgrades include: new headworks, a new aeration system, new and rehabilitated clarifier's, and ultraviolet disinfection.
If the required improvements are not complete by 2016, Benton said there will be monetary repercussions adding more costs to the project.
If the bond is approved on April 8th, construction to the wastewater treatment plant would begin during the summer of 2015 and could take anywhere from three to five years.