Below is a press release from the State Bond Commission. Please note that the projects listed are not for the Capital Outlay/Line of Credit approvals. This press release covers the approval of projects requiring bonds and taxes. Concerned about the lack of projects for the Parish of Natchitoches, NPJ contacted FP&C Director, Mr. Mark Moses and inquired about the Payne Subdivision, Fish Hatchery Rd. and Blanchard Rd. projects.
NPJ is pleased to report the following approvals:
Payne Sudbivision – $500,000
Fish Hatchery Rd. – $125,000
Blanchard Rd. – $280,000
BATON ROUGE, LA – The State Bond Commission approved $308 million for projects statewide and approved more than $17.1 million in savings at its September 17 meeting, according to State Treasurer John Kennedy.
“We approved projects across Louisiana,” said Treasurer Kennedy. “Because of these approvals, Breaux Bridge will improve its water system, Baton Rouge will work on its sewer structure and Lafayette will build fire stations. These are vital projects.”
Among the individual projects approved were:
- Ascension Parish, $18 million in Revenue Bonds for the Louisiana Community Development Authority’s East Ascension Consolidated Gravity Drainage District No. 1 Project: for (1) drainage improvements and (2) funding a reserve fund or purchase a reserve fund surety, if necessary.
- East Baton Rouge Parish, $20 million in Taxable Revenue Bonds for the East Baton Rouge Sewerage Commission’s DEQ Project: for constructing and acquiring sewers and sewerage disposal works.
- Lafayette Parish, $5.5 million in Public Improvement Sales Tax Refunding Bonds for the city of Lafayette: saving taxpayers $1 million.
- Lafayette Parish, $27.3 million in Public Improvement Sales Tax Refunding Bonds for the city of Lafayette: saving taxpayers $3 million.
- Lafayette Parish, $35 million in Public Improvement Sales Tax Bonds for the city of Lafayette: for (1) purchasing, constructing, acquiring, extending and/or improving public works or capital improvements and (2) funding a reserve fund.
- Lafayette Parish, $30 million in Public Improvement Sales Tax Bonds for the city of Lafayette: for (1) opening, constructing, paving, resurfacing and improving streets, sidewalks and bridges, (2) constructing and purchasing street lighting facilities, (3) constructing and improving drains, drainage canals and subsurface drainage, (4) constructing and purchasing fire department stations and equipment, (5) constructing and purchasing police department stations and equipment, (6) constructing and purchasing garbage disposal and health and sanitation equipment and facilities, (7) constructing public buildings, (8) purchasing, constructing and improving public parks and recreational facilities and acquiring the necessary equipment and furnishings, (9) purchasing equipment for civil defense, (10) constructing, acquiring or improving any work of permanent public improvement, (11) purchasing and acquiring all equipment and furnishings for the public works, buildings, improvements and facilities and (12) establishing reserves.
- Lafayette Parish, $1 million in Water Revenue Bonds for the city of Scott’s DHH Program: for constructing, acquiring and installing meters and other improvements and extensions to the waterworks system, including appurtenant equipment, accessories and properties.
- Madison Parish, $4.9 million in Water Revenue Refunding Bonds for the city of Tallulah: saving taxpayers $366,977.
- Orleans Parish, $98 million in General Obligation Refunding Bonds for the city of New Orleans: saving taxpayers $12,776,686.
- Orleans Parish, $28 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Village of Versailles Apartments project: for acquisition, rehabilitation and equipping a 400-unit residential rental facility in New Orleans.
- St. Bernard Parish, $10 million in Taxable Utilities Revenue Bonds for the St. Bernard Parish Council’s DEQ Project: for constructing and acquiring additions, extensions and improvements to the sewer portion of the combined water and sewer system.
- St. Landry Parish, $12.5 million in School Improvement Revenue Bonds for the Louisiana Community Development Authority’s St. Landry Parish Public School System: for acquisition, construction, renovation and equipping of public school facilities.
- St. Martin Parish, $225,000 in Limited Tax Revenue Bonds for the city of Breaux Bridge: for acquiring vehicles and equipment.
- St. Martin Parish, $2.7 million in Revenue Bonds for the city of Breaux Bridge, Sales Tax District No. 1: for water system improvements set forth in the Master Plan.
- St. Mary Parish, $1 million in Limited Tax Bonds for the city of Patterson: for constructing and improving roads, streets, sidewalks and related easements and rights-of-way.
- St. Tammany Parish, $5.5 million in Sales Tax Bonds for the city of Slidell, Fremaux Economic Development District: for (1) various capital improvements, (2) funding a reserve fund and (3) paying capitalized interest.
- St. Tammany Parish, $800,000 in Limited Tax Certificates for Recreation District No. 11: for acquiring, constructing or improving parks, playgrounds, recreation centers and other recreational facilities, together with necessary furnishings and equipment.
- Winn Parish, $2.5 million in Sales Tax Bonds for the Winn Parish Police Jury: for improving and repairing public roads and bridges.
The Louisiana State Bond Commission meets monthly to review and approve applications from parishes, municipalities, special taxing districts, and other political subdivisions of the State requesting authority to incur debt. For more information, visit www.LATreasury.com.