News

County paying back Taylor bridge loans

The new Taylor bridge is scheduled for completion this spring. The $884,083.60 structure was financed by Marion County with money loaned from the county's other funds to the Capital Improvements Fund. Part of that loan has now been repaid under the new budget.
DOUG WILSON/COURIER-POST
By Hannibal Courier-Post
Posted: Feb. 13, 2020 2:41 pm

PALMYRA, Mo. | The first payments on the loan for construction of the new Taylor bridge were approved by the Marion County Commission on Monday in Palmyra.

Re-paid from the Capital Improvements Fund to the General Revenue Fund was a loan of $121,452.20, according to County Clerk Valerie Dornberger.

The commissioners also approved re-paying a portion of the loan by the Capital Improvements Fund to the General Revenue Emergency Fund. The payment was in the amount of $150,000. “There is still a remaining balance owed in the amount of $300,000 on that loan (from the General Revenue Emergency Fund to the Capital Improvements Fund) which will be re-paid in 2021,” Dornberger said.

The loan payments made Monday were included in the county's 2020 budget, which was approved by the county commissioners last month.

The county commission approved the loans last year after it was unable to find either state or federal funds to help pay for construction of the new bridge at Taylor.

Bleigh Construction of Hannibal was selected the general contractor for the project after it submitted the low bid of $884,083.60. The engineer's estimated cost of the project was $1,075,770.35.

The new bridge is expected to be complete sometime this spring.

The previous span on County Road 313 over the North Fabius River was closed Nov. 8, 2017, on the recommendation of the Missouri Department of Transportation after multiple inspections found deterioration throughout the bridge, particularly in the floor beams that run directly under the concrete deck. MoDOT concluded that the bridge, which it opened in 1929, could no longer safely hold the weight of a car.

 

 

 

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