A little more than a year ago, Murphy residents voted in favor of issuing $21.65 million in general obligation bonds earmarked for infrastructure improvements and although progress is steady, completion is not expected until 2021.
Bonds were split into three parts, $15.5 million for streets, $1.74 million for public safety facilities and $4.4 million for parks and recreation.
In February 2018, the city sold $13.07 million in bonds to get projects underway and will sell the remaining $8.57 million of bonds in May or June 2020. The bonds will be repaid in two semi-annual installments through 2038.
Through October 2018, about $2.1 million had been spent; most of that amount to start the design phase on what ultimately will be 52 projects.
By Joe Reavis • [email protected]