{"id":1317641,"date":"2020-01-12T18:12:00","date_gmt":"2020-01-13T01:12:00","guid":{"rendered":"https:\/\/www.postindependent.com\/?p=992519"},"modified":"2020-01-12T18:12:00","modified_gmt":"2020-01-13T01:12:00","slug":"new-castle-to-take-on-capital-projects-with-additional-reserve-funds-in-2020","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/new-castle-to-take-on-capital-projects-with-additional-reserve-funds-in-2020\/","title":{"rendered":"New Castle to take on capital projects with additional reserve funds in 2020"},"content":{"rendered":"
\n
A man walks around in downtown New Castle on a chilly afternoon last week following an early morning snowstorm.<\/strong>
Chelsea Self \/ Post Independent<\/em><\/figcaption><\/div>\n<\/figure>\n

The town of New Castle hopes to check a few capital projects off its to-do list after ending 2019 with approximately $247,000 in additional unassigned reserve funds.<\/p>\n

That dollar amount was largely generated by the sale of two town-owned properties last year near New Castle\u2019s downtown.<\/p>\n

\u201cWe did sell two condos that the town owned that had been intended for employee housing but were not being used as such,\u201d Town Councilman Graham Riddile said.<\/p>\n

According to Riddile, over the years, very few of the town\u2019s workers expressed an interest in living in either of the dwellings, thus leading to their eventual sale.<\/p>\n

Additionally, the New Castle Town Council mandates $850,000 as the minimum acceptable amount in emergency reserve funds the town must maintain at all times.<\/p>\n

\u201cThe $247,000 that we\u2019re talking about is above and beyond the $850,000,\u201d Mayor Art Riddile said.<\/p>\n

Subsequently, a capital projects committee identified projects that were previously put on hold due to budget constraints.<\/p>\n

Those projects were then divided into three tiers based on how \u201curgent and critical\u201d they were.<\/p>\n

Tier-one capital projects \u2014 deemed the most urgent and critical \u2014 included asphalt overlay on Castle Valley Boulevard, Seventh Street, Buckthorn Drive and Lariat Loop.<\/p>\n

\u201cWe\u2019ve heard and read complaints about some of our neighboring municipalities having shortfalls on their street programs.\u201d Art Riddile said. \u201cWe don\u2019t want to get there.\u201d<\/p>\n

Other tier-one capital projects called for the replacement of two New Castle Police vehicles as well as the construction of a sludge bakery at the wastewater plant.<\/p>\n

Tier-two capital projects envisioned allocating approximately $28,000 for a street sweeper replacement and remodeling Town Hall.<\/p>\n

Considered \u201cnon-urgent and non-critical,\u201d the town\u2019s tier-three capital projects largely focused on updates to local parks and trails.<\/p>\n

According to Art Riddile, the town hopes to complete a majority of the tier-one projects in 2020.<\/p>\n

Additionally, the amount of money being allocated toward various capital projects could go up significantly should the town be awarded grant funding.<\/p>\n

\u201cI\u2019m really excited by the fact that we are going to be repaving a good chunk of our roads and getting them back to a good, acceptable condition,\u201d Councilman Graham Riddile said.<\/p>\n

mabennett@postindependent.com<\/a><\/em><\/p>\n

via:: Post Independent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A man walks around in downtown New Castle on a chilly afternoon last week following an early morning snowstorm.Chelsea Self \/ Post Independent The town of New Castle hopes to check a few capital projects off its to-do list after ending 2019 with approximately $247,000 in additional unassigned reserve funds. That dollar amount was largely […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":["post-1317641","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-09-06 05:43:06","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSKE Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kske","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1317641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/comments?post=1317641"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1317641\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/media?parent=1317641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/categories?post=1317641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/tags?post=1317641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}