(Beaver Dam) The Beaver Dam Common Council Monday night approved moving forward with a grant application for a proposed two-year street project. The city is looking to reconstruct South Spring Street from Mill Street to Judson Drive starting next year.
Work is estimated to cost roughly $3.7-million but the city is hoping to secure a Community Development Block Grant that would cover $1-million dollars of the project. The city utility, which pays for underground infrastructure improvements through fee-based revenues, would fund $2-million of storm sewer and related work over two years.
The remaining $700-thousand dollars would have to be found by moving around some other projects in the city’s five-year streets plan; reconstruction of South Spring was already slated for 2021, it would have to move up one year. The funds would be part of the city’s traditional borrowing cycle paid; that debt service is paid through the tax levy.
Mayor Becky Glewen says the city also looked at Haskell Street but that project cost would not maximize grant dollars. Glewen says the grant required a minimum project cost of $1.5-million dollars in order to receive the max amount of $1-million. The $500-thousand-dollar reconstruction of Haskell Street would be eligible for the same grant for up to two-thirds of the project cost in 2022.
Alderman Cris Olson has South Spring Street in his ward and says this project needs to get done. Olson says the stretch of road gets a lot of traffic and is main thoroughfare for the city. He adds that this is a major project that cannot be held off for much longer.
The deadline to submit for the grant is this Friday and a decision will be made by the end of July. If approved, work would start in 2020 and conclude in 2021.