As we all know, for the last four-plus years, the Village has been battling water problems. We know that the issue is deteriorating water infrastructure – water lines that are approximately 80 years old. Right now, the area from Basil Road west is the worst affected area. We know the fix to these water problems is to replace the water infrastructure.
This year the Village is spending $250,000 – $300,000 on water infrastructure replacement projects. Replacement of the water infrastructure in the worst-affected area – Basil Road westward – will total approximately $3 Million dollars. At the Village’s current ability to replace the infrastructure, it will take up to 10 years to replace the infrastructure, in just this area. We also know that the water infrastructure in the rest of the Village is also aging and will fail, at some point in the future.
After discussing various options in Council, the Village is placing a $17 Million dollar bond levy on the November 3, 2020, ballot. The $17 Million dollars in bonds will be for the replacement of water infrastructure throughout the entire Village. The current infrastructure, much of which is 4” waterline and has decades of mineral build-up, will be replaced with 6” to 12” waterline.
These bonds will be repaid over 30 years and will be assessed against the property tax. The bond millage will increase the property tax on a $100,000 property by $486.50 per year. A breakdown of the increase will be posted here in the near future. By issuing bonds the Village will be able to immediately begin planning the complete replacement of the infrastructure as the funds, from the bonds, are available to the Village almost immediately.
Between now and November 3, 2020, there will be townhall meetings to answer your questions about the bond issue. The meetings will be conducted virtually, due to current COVID-19 social distancing and gathering size limitations. You may join the meetings via computer or phone using the information below. You will receive information on how to join the meetings in your next utility bill. The townhall meetings will also be live-streamed if you want to listen but not participate or ask any questions.
See video of bond announcement: https://youtu.be/p7AXw4XJiDE