SULPHUR SPRINGS - The City of Sulphur Springs is saving big on improvements to their water and sewer infrastructure.
The City Council Tuesday approved the sale of $4.8 million in certificates of obligation to fund the improvements at only 2.998 percent interest. According to City Manager Marc Maxwell, that is the lowest the city’s financial advisor had seen for such a project. He says this should save the city approximately $60,000 annually compared to what they had previously budgeted for.
Council also selected KBL Restoration, of Hallsville, as construction manager at risk for the renovation of the old post office building at a cost of $450,000. The building could be ready in about 15 months. Upon completion, the building will house the city’s administrative offices and municipal court. The Sulphur Springs Police, water and utilities departments will remain in the current facility at 125 South Davis.