As Phoenixville Council looks to upgrade its water and sewer infrastructures and construct a new town hall, borough officials think the best approach to the projects is bonds.
As the aging systems and facilities grow into further need for repair, the West Chester Daily Local reports the borough will see what types of bonds are available before determining how to move ahead.
Here’s what officials are looking for:
$2 million bond for water infrastructure repairs, paying the debt down through 2019
$500,000 bond for sewer improvements, which will be paid until 2027
$5 million to $8 million bond for the construction of a new borough hall, paid for through a .4 through .7 tax increase until 2036
The borough hasn’t yet decided if and where it would rebuild the town hall, or if restoring the current one is more feasible.