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Hannibal Courier - Post - Hannibal, MO
  • Voters approve BPW bond proposals

  • City voters on Tuesday gave the Hannibal Board of Public Works the authority to issue bonds to help pay for mandated water and sewer projects.
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  • City voters on Tuesday gave the Hannibal Board of Public Works the authority to issue bonds to help pay for mandated water and sewer projects.
    “I think we’re gratified that people listened and came out to vote and support their local utility,” said Bob Stevenson, general manager of the BPW. “They also voted for their own pocket book as well, so that’s good.”
    Proposition W, approved by a margin of 794-94, will raise $12.96 million for water system improvements. Proposition S, approved on a vote of 779-94, will generate $8.865 million for upgrades to the sewer system.
    Had the bond proposals failed, the BPW would have had to borrow money for the necessary work from banks at a higher payback rate.
    Only 7.74 percent of Hannibal’s 11,491 registered voters participated on Tuesday.
    “That’s a pretty low percentage, but it was a pretty overwhelming result,” said Stevenson. “I would say I’m grateful for those that voted and expressed their concern and support for city business. I’m grateful for that.”
    Stevenson had not expected the margin of approval to be so broad.
    “I was surprised. I didn’t know what to expect. Margins like that are rare in any circumstance. I would not have predicted anything like that,” he said.
    Now that voters have spoken, there is little time to savor the outcome.
    “Now the real work begins. Now we’ve got to go figure out how to get all these things accomplished that we said we were going to do,” said Stevenson. “I’m thinking the last we heard interest rates were creeping up so time might be of the essence so we need to get busy with the first round. I’m predicting by fall, maybe October, we would have something ready to go. But that is a pure guess right now.”
    Work on both systems carry an equal priority, according to Stevenson.
    “We’ve got projects to accomplish this fiscal year in each of those,” he said.

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