Powell City Council's finance committee on March 13 discussed a possible 20-year, $7 million bond at 1.6 mills that could be used for a number of capital improvement projects.

Powell City Council's finance committee on March 13 discussed a possible 20-year, $7 million bond at 1.6 mills that could be used for a number of capital improvement projects.

Committee members on March 13 said they plan to present the idea to city council in May. If council agrees with the plan, it could appear on the ballot in November.

The plan is designed to avoid a tax increase for city property owners. Committee members said 1.6 mills is equal to the amount being brought in or spent on another bond issue that will expire in 2014. That would leave property taxes the same if voters approve the capital improvements issue.

City staff members said the issue would be used to complete the Murphy Parkway extension, conduct street and curb maintenance and repair, upgrade and maintain the Village Green Park splash pad, add a traffic signal at Sawmill Parkway and Village Club Drive, add bicycle path connections, renovate storm sewers, repair the Adventure Park basketball court, improve parks and build a public service center at the Seldom Seen Park.

Powell lacks dedicated revenues for capital improvements, such as building and maintaining roads, sewers, alleys and park improvements, city officials have said.

Since 2006, the city has studied capital improvement needs and goals and how to pay for them.

The study resulted in a list of potential improvements presented to council in 2007. The income tax increase would have helped to fund those projects.

In November 2010, voters defeated an income tax increase that would have funded capital improvements for 10 years.

Council member Tom Counts has since worked with the city staff to narrow the capital improvements list to projects that can be funded with $7 million.

Counts said it's important that voters have a detailed idea of what the projects are. In general, the money would be used where the greatest need was found.

Before Powell can move on the Murphy Parkway extension, city council must decide how the extension will connect to South Liberty Road.

In 2010, council reviewed studies on using a "T" intersection or a roundabout to connect the two roads.

The roundabout would cost about $300,000 more than a T-intersection, which was estimated in 2010 to cost about $1.3-million.

The project would reduce traffic congestion in downtown Powell, officials have said.

It would provide a way for vehicles to travel between South Liberty Road and the Sawmill Parkway area without passing through downtown.

The extension has been a part of city planning since 1995, city engineer Rob Rice has said.