Macomb is in the process of lining up the financing for its multi-year street repair program.
The goal is to have all the financial paperwork and the bond sale completed by October 1. Construction won't start until next spring but Mayor Mike Inman said the money is needed sooner because there is plenty to do between now and then.
“We're going to incur some engineering costs. These are not projects that are sitting on a shelf ready to roll. We're going to have some significant costs,” said Inman.
Aldermen are reviewing whether to alter the Facade Forgivable Loan Program based on recommendations from the City Council's Community Development Committee.
One proposal is to increase the city's share of the costs for facade improvements from 50% to 66%.
“That would mean if somebody had a $30,000 project, they could get $20,000 of that from us and $10,00 of their own money. If that's not incentive enough to put on their best face, I don't know what else we can do,” said Seventh Ward Alderman Clay Hinderliter.