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Village Board approves resolution to participate in Safe Drinking Water loan program
Summary
Shorewood trustees unanimously authorized issuing promissory notes to participate in a low-interest loan program for lead service lateral replacement, approving a resolution by roll-call vote.
The Village Board unanimously approved a resolution authorizing the issuance and sale of taxable general obligation promissory notes to participate in a state loan program for lead-service-lateral replacement and other eligible drinking-water projects.
Trustee Ersink moved to approve Resolution 2025-09 authorizing issuance of promissory notes up to $1,891,374, and Trustee Warren seconded. The board conducted a roll-call vote and approved the measure 7–0. The resolution and related financial assistance agreement will allow the village to access low-interest financing under the state’s Safe Drinking Water Loan Program (as described in board materials).
Why it matters: The loan program provides low-cost capital to replace lead service lines and fund drinking-water infrastructure; participation requires a board vote to issue the notes and enter a financial assistance agreement.
Next steps: With the resolution adopted, staff will finalize financial documents and proceed with participation in the loan program according to the terms outlined in the assistance agreement.
