Monday, May 5, 2014

Lake Worth could ask voters to OK $60 million bond to fix... | www.mypalmbeachpost.com

What we have been hearing as the Lake Worth 2020 plan is gathering momentum and a general obligation bond question may make it to the ballot as early as August of this year. Click title for link to Eliot Kleinberg's article. An additional $14 million of bond monies would be directed towards replacing the city's network of 2" water lines with 4" plastic pipes. From the article:
The money would pay to replace or improve miles of roadways as well as the city’s water, sewer and stormwater pipe networks. And it would pay for improvements in and around the Lake Worth Park of Commerce, an industrial park west of Interstate 95 which the city says never has reached its potential.
The work also includes $13.8 million during three years just for resurfacing roadways, eliminating most of the city’s infamous potholes. And $3.2 million during the next five years would be spent on traffic bumps, landscaped islands, neighborhood entryways, street lighting, and new signs, posts, art pieces, benches and trash cans.
The city would tack the bond costs onto residents’ property tax bills: an extra $1.80 per $1,000 of a home’s taxable value for each of the first two years, $2.51 in years three and four, and $3.33 in year five.
Here is Larry Johnson, the City's Director of Water Utilities at a recent College Park Neighborhood Association meeting telling residents about the condition of our water delivery infrastructure. Much of his talk concerns the pilot program underway to install radio-read water meters, which is outside the general infrastructure improvement project.