The Sherman City Council on Monday approved the issuance of $3.03 million in bonds through the Greater Texoma Utility Authority to finance upgrades to the city’s sewer system and wastewater treatment plant. The sewer renovations will be focused on the southern portions of the city, while the improvements at the Post Oak treatment facility will feature changes to the headworks.
GTUA General Manager Drew Satterwhite said the city’s recent bond rating upgrade will save it approximately $118,000 in interest costs over the life of the wastewater bonds.
“That is great news for our rate-payers, of course, so we’re very pleased and appreciative (to the GTUA),” said Mayor Cary Wacker.
Wacker used the opening portion of the meeting to extend the city’s gratitude to government employees who worked long hours to dig the city out from the recent ice storm.
“Last week’s ice event pretty dramatically affected pretty much everybody in Grayson County,” said Wacker. “It was a difficult time and a challenge, but I’m really, really proud of our city staff and all that they did; they rose to the occasion.”
In other business, Downtown Sherman Preservation & Revitalization Executive Director Karen Tooley presented a request to the council to have several streets closed for the Red River Mardi Gras & Jazz Fest on Feb. 22.
“What we are looking at is trying to get some people to fill up our hotel rooms,” said Tooley. “So we are not only planning a Saturday evening event, … but we’re also hoping that people will spend the night and on Sunday morning will visit one of our downtown restaurants, and we’ll have a Sunday brunch offered.”
Council members denied the request to close down Walnut Street for the event, citing concerns over emergency vehicle access, but did approve the closure of Crockett and Travis streets.
The City Council voted unanimously to reappoint Bill Johnson and George Rowland to the GTUA Board. Wacker said the city has an open slot on the Board, but has not received any applications to date. Having no other business from a short agenda, the meeting was adjourned at 5:18 p.m.