University Daily Kansar
Wednesday, November 6.1974
5
City accepts schedule for $4 million bond issue
BySTEVEFRY
City Reporter
The Lawrence City Commission yesterday passed the maturity schedule for a $4 million bond issue and received approval from the Loop from an East Lawrence resident.
The commission adopted an 18-year plan to retire a $4 million bond issue and its interest. An alternative plan would have been a 30-year maturity schedule.
About $1.65 million of the bond issue will pay for a secondary sewage plant. The rest will be spent on water distribution and a water treatment plant.
The 18-year plan, recommended by Black and Veatch, consulting engineers, will cost the city $2 million less than the 30-year plan. The consultants said they expected a
The consultants said they expected a higher interest bid with the 18-year plan
with than with the other plan because of the quicker retirement of the bonds. The shorter term will make the bonds more salable. Buford Watson, city manager, said.
Opposition to the Haskell Loop surfaced again this week when Ray Dryz, an East Lawrence resident, gave the commission a petition demanding a public hearing. The Haskell Loop is planned to connect the U.S. 59 bypass with downtown Lawrence.
The public hearing demanded in the petition would concern city acquisition of homes in the 800 block of Pennsylvania Street for the Haskell Loop.
Dryza said the Loop would bring added traffic, dirt, noise and danger into the area, and the city had no public meeting to decide the acquisition of right-of-way in consequence. A public meeting is required in the case of eminent domain, Dryza said.
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City commissioner Nancy Hambleton said the Loop was designed to get traffic out of that area.
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A public meeting was held June 11 about the acquisition of homes in the 800 block of Pennsylvania Street, Kyle Angreug, city Development Program director, said.
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Dryz also said the East Lawrence Improvement Association (ELIA) never voted to approve the Haskell Loop.
Alignment of the Haskell Loop has never been voted on, Watson said. There is no variance in the 800 block of Pennsylvania Street, and the city decided to go ahead with the project after ELIA acknowledged that there wasn't variance.
Except for the 800 block of Pennsylvania Street, the city hasn't decided the location of the rest of the Loop, Watson said. The city decided to buy the homes in the 800 block of Pennsylvania Street because it has the funds now, he said.
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One East Lawrence resident at the meeting said most people in that area didn't know their idea. They don't know where it's going or where it will affect their homes, she said.
The commission passed a motion stating that city officials would attend an ELAI meeting Monday to explain the Loop to East Lawrence residents. The meeting will be at 7:30 p.m. at the East Lawrence recreation center.
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