Early OKs issuing $8.36 million in bonds for waste water treatment plant
EARLY — Residents of Early are a step closer to seeing the beginnings of two projects in the city — the construction of a waste water treatment plant and the construction of Bluebonnet Acres, a six-home development on Bluebonnet Drive.
Early City Council members approved earlier this week the issuance of $8.36 million in Certificates of Obligation to fund the construction of the waste water treatment plant.
The city earlier received approval for a loan in that amount from the Texas Water Development Board to built the facility.
Construction is expected to last about a year.
Currently, Early pays Brownwood $324,000 a year to treat its waste water.
The city expects to close on the note around the end of May, and then the city will move on with land acquisition and planning, Early City Administrator Tony Aaron said. The city is under contract for land in the southern part of the city, and closing on the land should be late May or early June, Aaron said.
After construction is complete, the operating cost will be $35,000 a year, and the facility will save the city $2.5 million over the life of the 30-year loan, then-City Administrator Ken Thomas said in September.
In other business, council members:
• Approved the final plat of the Bluebonnet Acres development.
• Ratified Early Economic Development Corp. action to grant a $12,000 funding request to Weakley Watson Sporting Goods for utilities and Internet infrastructure, and $23,000 for site and related improvements.
• Approved the sale of a half-acre lot at Industrial Park for $9,500 to Diane Booth for business development.