AMORY – The board of aldermen approved documents Sept. 15 presented by city attorney Sam Griffie setting the stage for raising funds through a bond for utilities work throughout Amory.
City utilities manager Mike King said after the meeting the City of Amory Electric Department is planning upgrades to the Mary Haughton and Billie Wright substations to improve electrical reliability and capacity for the entire city’s electrical system.
He continued by stating the improvements will also eliminate the 1960s-era Industrial Drive substation located alongside Puckett Drive. The entire project is anticipated to be completed within two-and-a-half years.
The improvements are to be financed through a revenue bond. The bond will be paid for with electric department revenue and will have a very minor rate impact dependent on the final amount of the bond.
Griffie’s first request was for approval of a bond engagement resolution to employ the firms of Butler