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Council authorizes application for $10.1 million low-level reservoir loan through state revolving fund
Summary
The council approved a resolution authorizing staff to apply to the State Loan and Investment Board for a 20-year, approximately $10.1 million loan to address capacity and structural issues at the Zone 1 tank (low-level reservoir).
The Laramie City Council approved a resolution Tuesday authorizing the city to submit an application to the Wyoming State Loan and Investment Board (SLIB) seeking a loan through the state revolving fund to rebuild or replace the Zone 1 tank (also called the low-level reservoir) on the City Springs property.
Councilor Vigil moved the resolution; Councilor O'Doherty seconded. Director Brooks Webb said the city plans to seek roughly $10.1 million to provide additional storage capacity and…
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