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|Police jury signs off on Greater Ouachita bond sale|
The Ouachita Parish Police Jury authorized Greater Ouachita Water Company to issue $11 million in revenue bonds for infrastructure improvements to its waterworks plant and sewer system.
Action was taken by the police jury Monday during its regular meeting.
Tommy Sparks of Greater Ouachita Water Company said the improvements would bring the company into compliance with state regulations.
The infrastructure improvements have been tackled over the past several years and the projects are substantially complete, Sparks said. The proceeds from the bonds would be used to pay off indebtedness and provide permanent financing for the project.
"We've done most of these improvements already, but we still have some to do," Sparks said. "For the most part they have been completed, and we're trying to get into compliance."
"We're not completely in compliance right now, but we're real close," Sparks added.
GOWC made improvements to its water treatment and distribution facilities at the direction of the state Department of Health and Hospitals to comply with disinfection by-products limits on all water systems in the state.
The improvements at the company's wastewater treatment facilities was done under direction of the state Department of Environmental Quality to meet requirements under its sewerage discharge permits.
This project included the construction of the U.S. Hwy. 165 wastewater treatment plant. The new $2.86 million wastewater treatment plant was designed to treat 959,505 gallons of wastewater per day. It serves 3,198 customers.
The new plant also can handle future sewage needs in the northern part of the parish, Sparks said. It now serves Frenchmen's Bend, Thatcher Point, Treasure Island and Pecan Bayou subdivisions.
Some of the other projects completed by GOWC include:
- Pumping station, sand filters and ground storage tanks at Campbell Street - $1.34 million.
- Sand filters, pumping station and ground storage tanks at an Arkansas Road well - $1.84 million.
- Sand filters and pumping station at U.S. Hwy. 80 - $1.01 million.
- Carbon filters and pumping station at a Ticheli Road water well - $450,000.
- Carbon filters and pumping station at D'Arbonne Hills and Restful Homes wells - $970,132.
- Ground storage tank and pumping station at Parrot's Beak - $586,969.
- Storage tank and booster station at Laurel Grove (U.S. Hwy 165 off of Horseshoe Lake Road) - $495,558.
- Water main replacement project in south Monroe - $142,782.
- Sandifer sewer system rehabilitation - $131,000.
- Lincoln Park sewer lift station - $197,000.
- Sterlington Hwy. 2 water main project - $164,000.
- Rainbow Drive water main replacement - $239,000.
- Good Hope Road test well - $47,160.
- Pinecrest water main replacement - $19,498.
- Roxanna water main replacement - $42,000.
- Burney S/D sewer engineering fees - $8,150.
- Hwy. 80/Wallace Dean water connection - $37,000.
The police jury would have not responsibility or obligations regarding the payment of bonds, Sparks said.
The police jury was required to pass a resolution authorizing the issuance of the $11 million bond issue for the bonds to be tax exempt, Sparks said.