The Webster County Board of Supervisors discussed the possibility of issuing general obligation bonds to help finance a sewer and water project at the North Central Ag Industrial Park Tuesday.
If approved, the proposed bonds, would allow for the installation of oversized sewer and water lines that will service the Ag Park west of Fort Dodge along Iowa Highway 7. The sewer and water in the vicinity of the ag park is serviced by the city of Fort Dodge.
"We are working with the city who will provide the sewer and water," said Supervisor Clark Fletcher. "We see this as an excellent opportunity to be able to provide the oversized water and sewer to be in a position for future growth."
The oversized pipes would be ready to service any future development in the ag park.
"We are offering to provide the financing because we are the taxing authority," Fletcher said. "I believe this is a good example of being proactive so that down the road we won't have to re-do anything."
The bonds would be recovered by the connection fees of any future hook-ups in the ag park.
Not knowing what future development will come to the area is a risk the board is willing to take in funding the project, Supervisor Keith Dencklau said.
"It involves some risk on our part," said Dencklau. "But now is the time to expand. We should take that risk and hope they come. We're willing to take the risk and spend the money up front."
Constructing the pipeline now would likely eliminate the need to expand and reconstruct lines with any future development.
"Doing it now we will save some money down the road," he said. "Having the lines available now looks more viable to businesses who may come in the future."
Board chairman Bob Singer agreed it is a risk to bond up to $1.5 million, but that the timing is right.
"I am a little concerned about taxing the people of Webster County," Singer said. "It is a chance, but in this particular case the timing is very good; it has to be done now if we are going to do it."
"We are all in favor of moving forward," said Supervisor Eddie Peterson. "It's worth the risk."