Jenk residents to vote on $14 million bond; Bond will make upgrades to roads and sewers
8:27 PM, Oct 4, 2013
JENKS, Okla. - Jenks city leaders will hold a nearly $14 million bond issue election Tuesday to improve streets and sewers.
City councilors approved the October bond totaling in August.
The first proposition is for $11.7 million, which will go toward streets and infrastructure projects. A second proposition for $2.060 million will improve sanitary sewers and lift stations around Jenks.
Street projects will include two miles of street widening and resurfacing along Main Street from Elm Street to U.S. 75; improvements at 111th and Elwood Ave. and Elwood Ave. and U.S. 75 intersections; and repairs to Elwood Avenue from 111th Street to Main Street and 101st Street from Elm to the Arkansas River.
"We really need to expand the roads to allow for the ease of traffic around time. We need to expand those roads for commercial development," said Jenks Mayor Lonnie Sims.
Should it pass, the bond issue will have an impact on Jenks residents' taxes. Sims says taxpayers will foot about 20 percent of the bill and pay about $47 per year.
Sims says federal participation and money from industry partners will help more than double the bond's impact on Jenks roads and infrastructure. Even though the bond is about $14 million, the total cost for the projects will be about $42 million.
He says homeowners will receive 4.09 cents in matching funds.
"It truly an exceptional return on our investment for critical upgrades," Sims said.
However, some voters are concerned about a tax raise to fund the project.
"I'm never excited about seeing taxes go up, because salaries don't go up...most people are not excited about raising taxes," Jenks homeowner Betty McClarty said.
The bond election is set for Oct. 8. Polls will open at 7 a.m. A simple majority is required to pass the bond.