The Lisbon City council approved downtown reinvestment grants for three businesses in downtown Lisbon.
Luke and Casey Krall, owners of 110 E. Main Street and 114 E. Main Street had two of the grants approved. For the business at 110 E. Main Street, the couple is looking to replace electrical panels and siding on the exterior of the business that has deteriorated. The project had an estimated cost of $9,000 and was eligible for $5,400 in reimbursement from the city.
For 114 E. Main Street, the couple are looking to tear off and replace the roof as well as do some siding work to the building The project cost was estimated at $16,928.58 and the couple were approved for the maximum of $10,000 for the reimbursement funds or the project.
Nina and Gary Scott, owners of StArt in Lisbon were seeking a replacement for their awning on front of their building.
Nina explained that the former red awning was spray painted black and will be replaced due to the awning being weathered.
The cost is estimated at $2,040, and the project was eligible for 1,224 in reimbursement from the city.
With approval of these three projects, the city has $3,376 in downtown reinvestment grants left in the fiscal year.
Lisbon water, sewer rates increasing,
City also advancing language to changing water and sewer rate ordinances
Lisbon’s water and sewer rate increases are slated to increase by 3 percent again this year.
The city’s budgeted expenditures in the water rate will spend approximately $22,000 more than the city is taking in due to proposed upgrades to water mains in the city, increasing from prior 4 inch mains in the community.
The city’s budgeted expenditures for sewer are $2,500 less than revenues this year. The city paid down some sewer bond debt rate early this year as well.
The city also approved an ability to increase water and sewer rates by resolution moving forward. The language change allows the city to increase water and sewer rates by 3 percent each year as long as the revenues are not higher than 25 percent of expenditures. If revenues are higher than expenditures, water or sewer rates will not increase that year.
Christina Eicher, city clerk, said many communities are moving to similar language in their own water and sewer ordinances.
City budget hearing set for Monday, March 24 at 6:30 p.m.
Lisbon’s city budget hearing will be Monday, March 24, beginning at 6:30 p.m. at Lisbon City Council chambers.