Ruston’s $34 Million Bond Sale Plan Delayed

A plan by the City of Ruston’s administration to issue up to $34 million in bonds to be repaid from sales tax revenues was delayed at last night’s City Council meeting. The bonds are to help finance Walker’s Moving Ruston Forward project of street, drainage, sewer, and recreation improvements.

Mayor Ronny Walker said he would soon be meeting in Baton Rouge with state officials to clear up the problem.

Said Walker, “This has been something that has been going on for 24 years, the rules have been the same. All of a sudden last month they decided to change them a little bit, so we feel we are on firm footing as far as our contract with the state. We just want to go down and make sure all of the votes are there.”

Earlier, City Attorney Bill Carter said the administration would likely be coming back to the council for approval of the bond sale plan at the February meeting.

In other business, the council approved contracts for two significant street construction projects.

Amethyst Construction was awarded $2 million to complete the extension of Martin Luther King Drive from its intersection of South Farmerville Street eastward to intersect with Mills Avenue. The right of way has been cleared, and the project is expected to be completed late in 2017 or early 2018, depending upon the weather.

Mills Avenue will be expanded to three lanes all the way to its intersection with South Vienna Street, Paul Riley of Riley Engineering told Lincoln Parish News Online.

Also, Womack & Sons of Harrisonburg was low bidder for the $7.3 million extension of I-20 North Service Road East from Tractor Supply eastward to Rough Edge Road, just over 1 1/2 miles. This project will take up to three years to complete, it was said.

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One Response to “Ruston’s $34 Million Bond Sale Plan Delayed”

  1. DAN M. BURSON Says:

    IF THE CITY OF RUSTON AND LINCOLN PARISH WOULD LEGALIZE AND TAX CANNABIS LIKE COLORADO DID THEN THIS TOWN PARISH AND STATE WOULD BE MUCH BETTER OFF. OF COURSE YOU WOULD HAVE TO GET PAST BEING LIFELONG HYPOCRITES FIRST.

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