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Tue February 21, 2006
Keokuk Could Spend Millions On Streets
Keokuk, IA – Keokuk may borrow millions of dollars to repair the city's streets. The city council is considering a street repair program that would cost $12,000,000 over the next 12 years. Mayor Dave Gudgel says a program of this scale is essential to Keokuk's future and must begin this year. The city would borrow $3,000,000 every 3 years under the proposed repair program. Several council members say the loans can be structured so the property tax rate would not increase dramatically. The council asked Gudgel to come up with repayment estimates and funding details for such a repair project. It has been years since the city borrowed money to repair streets. The council says it is also in favor of replacing sidewalks and adding period lighting along Main Street from 7th street to at least 4th street.