Funding for two of Hannibal’s major projects including riverfront redevelopment is starting to take shape.
At Tuesday’s city council meeting, councilmen heard a first reading to sell city issued bonds to pay for the $6.6 million project.
Parks and Recreation Department Director Andy Dorian said Bleigh Construction was the low bidder at that amount.
Officials expect the state-of-the art riverfront project to be completed in less than a year.
“Basically the whole thing we are starting from scratch,” said Dorian. “From the very top to the very bottom. It’s a brand new marina, new roads, new sidewalks, new fencing, a new bathroom. Basically completely new everything, new lighting and new security. So it’s going to be all new and it needs it.”
The bonds the city plans to sell will also cover the costs of the new convention and visitors bureau.
City manager Jeff LaGarce said it will save the city money to finance the project under one bond proposal.
“If we were to do these separate, you’d be basically paying attorney’s fees, closing costs, bonds on counsel costs twice and we just happened to be in this situation where both of these projects are coming to fruition at the same time,” said LaGarce.
Both projects are expected to be completed sometime next year.
Councilmen are set to vote on the bid for the riverfront project at the November 6th city council meeting.
Also during Tuesday’s meeting, councilmen re elected Angel Zerbonia as the city clerk for the next four years.
Council took no action on angled parking meaning they agreed with the traffic committees recommendation to not implement it.
Council also approved no parking on the east side of Hazel street between the 600 and 700 blocks.
Finally, city council approved funding for the 2019 Hannibal visitor’s guides.