City considers a franchise bond to pay for intersection improvements

City working on ways to fund intersection improvements.
City working on ways to fund intersection improvements.
Updated: Jan. 7, 2019 at 6:53 PM CST
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BROOKLAND, AR (KAIT) - A troublesome intersection in Brookland has been the topic of concern for months.

City officials have been working to implement some changes.

But first, they have to figure out how to pay for it.

School Street and Hwy. 49 is an intersection that gets pretty backed up in the mornings and the afternoons when school lets out.

The city does have a plan to fix it.

The ultimate goal is adding turn lanes and turn signals.

Officials said an early estimate puts the cost between $300,000 and $325,000.

As for how to pay for it, Mayor Kenneth Jones said some grants they’ve looked into aren’t available until 2023 and extra revenue from the census won’t be usable until 2021.

“With our growth,” Jones said. “We just feel like we’ve got to take a step to make that happen now, instead of later on.”

That step may be a franchise bond.

It's no added tax burden to citizens.

How it works is the city council will adopt an ordinance to take a percentage of the franchise tax already collected to put toward payment on the project.

There are still several steps the city has to take to make sure this is a viable option, including a finished drawing of the plan and approval from ARDOT.

So there is still no official word on when construction could start, but Mayor Jones said the city is moving in the right direction.

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