Tuesday, August 7, 2012

Water Tower Project Figures

To repair the historic Barnard water tower as a landmark...$65,000 + $2,500 per year maintenance.

To tear it down...estimated minimum $69,000...it could be even more once they get into it.

New water tower project total...about $270,000

Bonds the City of Barnard has already sold...$108,000 plus interest (when repaid)...however, there are possible project cost overruns due to sandy soil without bedrock that could result in the city selling more bonds.

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