MORLEY BOND ISSUE ON BALLOT

Morley citizens are being asked to pass a $750,000 revenue bond Tuesday to aid construction and improvement of the city's water and sewage system.

If the revenue bond is passed, the city will increase its bond amount to $1.3 million. A $600,000 bond passed in November 1994.

The total cost of the project is estimated at $2.9 million. This includes acquisition of property, right-of-way easements, and the total cost of purchasing and construction of an 18.8-acre lagoon site northeast of the city limits.

The government has asked for a 60-40 grant-to-loan ratio of revenue allocation, which means approximately $990,000 in loans would be written and the city would keep an estimated $250,000 in reserve.

"There will be no initial cost for the homeowner, including the hook-up," stated City Clerk Patty Rollins.

The cost of the project is supplemented by using community development block grants and low-interest rural development loans.

"If this passes and we don't get the grant money, we will have $1.3 million in bonds," said Rollins. "And if we don't sell this for sewers, none of the money will be spent."