GOVERNMENT: CAPE, JACKSON TO TAKE SEWER BOND ACTION

Both Cape Girardeau and Jackson city officials are expected to authorize issuing sewer system revenue bonds during meetings today.

Both bond issues are part of the State Revolving Fund Program, which Cape Girardeau Finance Director John Richbourg said provides low interest and savings for the city.

"This is going to save us about $4.4 million in loan and interest costs as opposed to issuing the bonds ourselves," he said.

The bond revenue will be used for three sewer improvement projects, to make additional improvements to the wastewater treatment center, and to replace old sewer trunk lines, force mains and lift stations along the Mississippi River.

The project includes adding sewers in an area of the city that has never had service.

Jackson City Administrator Steve Wilson said the bond represents the third phase in a four-phase bond letting. This bond will be $1.88 million, which will be used for water system improvements.

Wilson said the bond interest rates were set Tuesday, and the bonds are expected to save Jackson about $3 million in interest.

The Jackson Power and Light Committee, which will propose the bond issuance ordinance, will meet at noon today at the Jackson City Hall.

The Cape Girardeau City Council will meet at 5 p.m. today at the city hall, 401 Independence St.