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Roanoke council to explore funding options for extension of High Street to business area
By: Steve Clark - Friday, September 21, 2012 1:10 PM
A project to extend High Street, connecting Roanoke to a cluster of businesses currently only accessible via U.S.-24, was discussed at the Tuesday, Sept. 18, meeting of the Roanoke Town Council.
"This is a good deal here," said Councilman John Stoeckley.
"It'll keep our residents from having to pull on to 24 and then decelerate right away and pull into the businesses."
High Street currently ends at Washington Street. Beyond High Street is a small section of land and the businesses lie on the other side of that, where a street is already in place.
The council passed a motion, 4-1, to get the ball rolling on the project.
Councilman David Tucker was the lone council member not in favor of the project, citing concerns about its cost.
Council President Troy Karshner said that securing money from the county to help fund the project and to lessen the amount of money the town has to pay out of pocket is a priority.
"It's a tight economy, so we're trying to do everything we can for the taxpayers to stretch our dollars," he said.
In other business, the council unanimously agreed to pursue the sale of bonds in order to finance capital improvements to the town's water utilities.
Greg Guerrettaz, of Financial Solutions Group, Inc., presented the council with two options during his review of the water rate study he prepared for the council during its Tuesday, Sept. 4, meeting.
The option chosen by the council involves the sale of bonds on the open market with current market rates plus one percent.