by Alan McArthur
The bond payment for a district around I-435 and Hwy. 45 in Parkville is costing the city more money in 2016.
As the board of aldermen and city staff had predicted, the assessment collection for the Brink Meyer Road Neighborhood Improvement District was lower than needed. In fact, none of the 2015 assessments of $275,166 were collected, just like had occurred in 2014.
Expecting collections to be lower than needed, the city has budgeted funds into the emergency reserve fund to cover shortfalls. On Tuesday night, the board approved a loan of $73,993.75 of emergency funds to make the bond payment. For more on story.