At Tuesday’s Springfield City Council meeting, the city’s alderpeople approved a measure that will go towards covering the cost of public infrastructure projects.
Springfield Corporate Counsel Greg Murdock said this ordinance sets up a public hearing on March 5, paving the way for the city to issue $17 million worth of new bonds officially that will cover the cost of public infrastructure projects at Legacy Pointe.
Currently, there’s about $15.1 million in outstanding bonds, said Murdock. Public infrastructure projects previously done through this means include sewers and gas lines that Legacy Pointe companies needed in place for business.
The $17 million would refinance the outstanding bonds and help pay for the infrastructure already in place.
