With a zero interest loan from the state off the table, the City of Paris will now turn to the open bond market to finance a $60 million-plus rehabilitation of its wastewater treatment plant, and residents will see substantial increases to sewer bills over the next six years.
Paris City Council on Monday gave the go-ahead for staff to proceed with plans, which include the first of several sewer rate increases in April, the sale of $46 million in certificates of obligation by May, design completion in June 2022 and the start of the first part of a two-phase construction project in August 2022.