Smithfield to consider new debt

Published 5:57 pm Tuesday, September 29, 2020

Smithfield Town Council has set a public hearing to consider a $4.2 million bond issue.

The council will receive input during a public hearing during a regularly scheduled meeting at 6:30 p.m. on Oct. 6 in conference rooms A and B at the Smithfield Center. The town plans to fund the projects through a general obligation bond.

Town Manager Michael Stallings said that $1.6 million of the bond is for utility projects, while the remainder of is refinancing existing debt. The scope of the utility projects includes installing new water and sewer mains on Grace Street, as well as painting one of the town’s three operational water towers.

Subscribe to our free email newsletter

Get the latest news sent to your inbox

Wayne Griffin, the town’s director of public works and utilities, said the project includes installing approximately 2,600 feet of water main and 1,400 feet of sewer main. The town plans to meet with a contractor on Oct. 5 to set a start date for the project.

Town officials said the paint job is slated for the water tower that’s visible from Route 10 and Church Street. Smithfield has four water tanks, but only three are currently in use.

Upgrades to recreational amenities at Windsor Castle Park, and renovations to the police department evidence building are also part of the project scope the bond will finance, according to a public notice for the hearing.