Tuesday, September 6, 2016

Mayor Morse Introduces Multi-Million Dollar Bond Package

On Tuesday September 6th, Mayor Alex Morse submitted a sweeping multi-million dollar bond package to the City Council that if approved will result in significant and transformative investments throughout the city.


“This work will no doubt leave a lasting legacy throughout our city, while sending a strong message that Holyoke will continue to invest in itself and in its people. This bond package will help stimulate Holyoke’s economy, create jobs, increase property values, and lead to spin-off economic development activity throughout our community. It will also make our city a more attractive place for residents and businesses - in all of our neighborhoods,” said Mayor Alex Morse.


The Mayor is proposing a long-term bond in the amount of $21,706,000, with the understanding that the actual amount to be formally issued and spent by the city may be significantly less, depending on the city’s ability to secure state and federal grants to offset the costs of projects outlined in his proposal. This spending will also occur over multiple years, as to limit the short-term financial impact on the city. The City Treasurer is currently working with bond counsel to evaluate potential scenarios for the financing of these projects, of which will be reported to the Council at future committee meetings.


This package was created after much consultation with city department heads. Furthermore, many City Councilors, including Council President Jourdain, responded to the Mayor’s request for projects and ideas throughout the last few months, most of which have been included in this proposal.


The Holyoke Reinvestment Bond invests in everything from new, much needed DPW equipment, to citywide streets and sidewalks, to parks and public facilities, to beautification projects that will enliven the community. It also invests in critical municipal upgrades like new voting machines, an updated phone system, and a modern radio communication system for our police, fire and DPW employees. It would invest in traffic lights at dangerous intersections, and invest in a CSO project on Jackson Street mandated by the federal government. Furthermore, it would help continue critical infrastructure investments such as the completion of the Front, Dwight, and Heritage Streets reconstruction project, as well as the continuation of the Canal Walk further down Race Street with a connection to the Willimansett Bridge.


Mayor Morse wrote in his letter to the City Council: “This is no doubt one of the biggest public investments our city will make in years, if not decades. This specific proposal is a testament to our shared values of upholding and improving the great quality of life we have here in Holyoke. I thank you all for your input and I welcome further conversation and debate.”


See below for full accounting of the Mayor’s proposal:

Holyoke Reinvestment Bond



Quantity
Cost
DPW Priority Equipment & Projects


Litter Vacuum
1
$36,000.00
Refuse Truck
2
$410,000.00
Recycling Truck
2
$300,000.00
Frontend loader
1
$130,000.00
Pickup truck with Plow (Parks)
1
$35,000.00
Small FWD Dump Truck with Plow
1
$70,000.00
Traffic Controllers
5
$100,000.00
City Hall Stained Glass Restoration

$350,000.00
City Hall Parking Deck

$200,000.00
Fuel Depot Concrete Repairs

$50,000.00
City Hall/Annex Offices

$750,000.00
Recycling Containers for Residents

$50,000.00
Total

$2,481,000.00



Roof Projects


Annex

$300,000.00
DPW Office

$70,000.00
Exhibit Hall

$210,000.00
Fire Station #3

$70,000.00
Total

$650,000.00



Sidewalks & Roads


Sidewalks

$750,000
Road Paving

$1,000,000
Total

$1,750,000



Traffic Signals/Intersections

Design & Construct
Apremont @ Route 202

$200,000.00
Cherry @ Homestead

$200,000.00
Northampton @ Hampden

$90,000.00
Northampton @ Dwight

$160,000.00
Pleasant @ Appleton

$200,000.00
Pleasant @ Dwight

$200,000.00
Pleasant @ Hampden

$200,000.00
Speed Radar @ West Franklin

$10,000.00
Total

$1,260,000.00



Parks/Public Spaces


New Swimming Pool

$1,500,000.00
Jones Point Tennis Courts

$285,000.00
Crosier Tennis Courts

$475,000.00
Holyoke High Tennis Courts

$175,000.00
Mayer Field

$75,000.00
Kinney Field

$75,000.00
Rohan Park Spray Pad

$75,000.00
Valley Arena Park

$100,000.00
Springdale Park Lighting

$100,000.00
391 Park

$150,000.00
Citywide park benches

$50,000.00
Wayfinding/Gateway signs

$50,000.00
Solar Trash Compactors

$25,000.00
Total

$3,135,000.00



Infrastructure Projects


TOD TIP gap & Front St. Extension

$1,750,000.00
Cabot Gateway Improvements, Design/Build

$3,500,000.00
Jackson Street CSO Project

$3,500,000.00
Demolition

$1,000,000.00
Non-MSBA Schools Projects

$400,000.00
Total

$10,150,000.00



City Clerk


New Voting Machines

$100,000



Police Department


Police Cars

$180,000



City Communications


City Phone System

$500,000.00
Police/Fire/DPW Radio System

$1,500,000.00
Total

$2,000,000.00



Bond Package Total

$21,706,000.00

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