ST. FRANCISVILLE — The Board of Aldermen agreed Tuesday to borrow up to $800,000 to pay for the construction of a new water well.
The board approved a utility bond ordinance authorizing Mayor Billy D’Aquilla to use the money, similar to a line of credit, to build a new well to replace a damaged well on Prosperity Street that is no longer in service. The well is primarily a backup.
The ordinance authorizes the town to borrow up to $800,000 at 3.25 percent interest through the bond, which is financed by the Bank of St. Francisville.
The loan would be repaid through grants and utility fees, officials said.
“When you sign off on this, we’ll be ready to roll,” D’Aquilla told the aldermen. The vote was unanimous.
At a previous meeting, consulting engineer Bianca Hillhouse, of Professional Engineering Consultants, estimated the cost of the well to be $782,000. Hillhouse expects the well to take six to eight months to build.
D’Aquilla said the town expects to qualify for some grant money that will be used toward the well, including up to $250,000 from the Division of Administration’s Community Water Enrichment Fund.
In another matter before the board, West Feliciana Parish Hospital CEO Lee Chastant made a video presentation of the new $27.8 million hospital for the parish. Chastant said he expects preliminary construction work on the 12-acre site to begin before the end of the year, once they close on the bonds.
“This is your hospital, and this video presentation is going to show you what your hospital is going to be like in the near future,” Chastant said.
The 53,000-square-foot facility off Burnett Road will feature state-of-the-art technology and 12 patient rooms. The emergency department will offer six exam rooms and two trauma rooms. Chastant said the project is expected to come in under budget and to be completed in summer 2017.
Finally, Joey Furr, a landscape architect, presented a plan for his firm, Joey Furr Design Studio, to help supervise the development of the town gateways, town center and U.S. 61 enhancements. The aldermen agreed to consider the proposal at a future meeting.