KEYSER, W.Va. — Phase I and Phase II of the city’s water system improvement project have been approved by the West Virginia Infrastructure and Jobs Development Council, according to a West Virginia Public Service Commission filing.
The PSC also recommended that an application for a certificate of convenience and necessity for the work be approved.
The first phase will cost about $4.2 million, which includes about $2,932,800 for construction, according to estimates provided by Dunn Engineers Inc. The second part of the job will be funded by a U.S. Department of Agriculture Rural Development loan of $4.2 million for a term of 40 years, at an interest rate of 2.625 precent, according to the PSC filing.
The city estimates the construction for Phase II will cost approximately $7.6 million, which will be financed by a 40-year USDA loan for $4.5 million at an interest rate of 2.375 percent, as well as a $3.1 million grant from the American Recovery and Reinvestment Act of 2009.
On Wednesday, the city council unanimously ap-proved the first readings of sewer bonds as well as Phase I and Phase II water bonds, according to Mayor Randy Amtower. The bonds will help pay for the proposed water and sewer system upgrades, he said.
A second reading of the bonds will be held during an April 10 city meeting and a public hearing will be held April 24. Phase I of the water project will consist of three contracts that will be bid out separately. Phase I work includes the replacement of about 4.5 miles of existing water mains and associated components and revitalization of the A Street water tank.
The work also includes a new 20,000-gallon water tank on Chestnut Street and two new booster stations. A booster station on Waxler Road will only be constructed if there is enough leftover money to do so, according to Amtower.
Phase II of the water project will rehabilitate the water treatment plant, which was built in 1924, according to the PSC filing.
The city provides water to about 2,400 customers in Keyser, 1,350 customers served by the New Creek Water Association, and 900 customers in McCoole.
Contact Elaine Blaisdell at firstname.lastname@example.org.