Macomb is in the process of lining up the financing for its multi-year street repair program.
The goal is to have all the financial paperwork and the bond sale completed by October 1. Construction won't start until next spring but Mayor Mike Inman said the money is needed sooner because there is plenty to do between now and then.
“We're going to incur some engineering costs. These are not projects that are sitting on a shelf ready to roll. We're going to have some significant costs,” said Inman.
There are plenty of streets in need of repair in Macomb and the city council is now looking at options to pay for the work.
Aldermen this week discussed whether to issue bonds. Sixth Ward Alderman Tim Lobdell said he's debated the idea for a while and now believes it's the city's best solution.
“I hope we see the long-term value in this. You're talking capital projects. They're going to be used in the future. Those people should be paying the interest debt on them in the future as well,” Lobdell said.