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Around Town

Posted on: May 14, 2020

Construction On-Going for $17M Water and Streets Project

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Contractors are currently constructing Mart's USDA Funded Water System Improvement Project that will overhaul the water system and rebuild the first four miles of Mart's streets. The multi-million dollar project has been in the works since late 2012. After many obstacles created several delays, project construction is currently underway. With interest rates at extreme lows due to COVID-19, the interest rate on the $12M loan portion of the funding package has dropped from over 3% to 1.375%. This will save the city millions of dollars in interest over the 40 year term of the loan. For more information, contact Mart City Hall. For more information on this project, visit the "Infrastructure Improvements" section of our website.

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