QUINCY -- An ordinance that would allow the city of Quincy to sell $19 million in general obligation bonds for street projects likely will be considered for adoption by Labor Day.
The City Council approved a resolution Monday that would allow city officials to work with a financial adviser to develop a bond ordinance as part of Mayor Kyle Moore's proposal for a $33 million infrastructure plan.
The $33 million plan proposes bonds for $19 million for streets and $14 million in low-interest loans from the Illinois Environmental Protection Agency.
"The decision that the council would make on the financing would dictate the projects because you could choose a lower dollar amount, a higher dollar amount," Moore said. "This is just so we can present you with options. It doesn't necessarily mean it's automatic."
Alderman Mike Farha, R-4, reiterated that the resolution just gives permission to the administration to have the discussions with the ultimate decision remaining with the council.
City officials said the $19 million in bonds could be paid off using the 26-cent tax rate that the city has levied for debt service.
City Comptroller Sheri Ray said the payments would be structured around debt the city will have paid off. She said the city's bond payments from property taxes are set to drop from about $1.7 million to $1 million next year.
A project list has not been released yet, though resurfacing of Harrison, 48th, North 12 and South 12 between Greenmount Cemetery and State have been proposed.
The proposal calls for $2 million worth of projects in each of the city's seven wards and an additional $3 million for community benefit projects.
"This week, we're going to send to the City Council members an updated list of projects based on some of their feedback to get additional feedback before we release it to the public," Moore said. "We're hoping to have an interactive map that people can see the five-year funding with the proposed funding and without the proposed funding, so people can see the impact of the projects of this magnitude will have on their streets.
Also Monday, the City Council confirmed Moore's appointment of Tonia McKiernan as 1st Ward aldermen, filling the vacancy of Virgil Goehl, a Democrat, who resigned last month for personal reasons.
McKiernan, also a Democrat, said she was excited to serve the 1st Ward.
"I want to push for what the residents of Ward 1 want," she said. "I want to be their voice of what they want to see in our ward in improvements and things that can happen."
A Quincy native, McKiernan works in the newspaper billing department of Quincy Media, Inc.
The seat is up for election in 2021.
Aldermen also approved the bid of $66,300 of Miller Construction Co. for the demolition of 907 Chestnut, 824 Cherry, 326 Lind, 328 Lind, 739 S. Ninth and 230-232 Cherry. The properties are included in the city's fix-or-flatten program.