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Council hears update on lead service-line funding; staff to pursue other options after missing first funding round
Summary
Council discussed the city’s status in seeking an interest-free loan for a lead service-line replacement program; staff said the city did not receive first-round funding and will continue to pursue other options and hold a staff-level meeting to plan financing.
Council members asked for an update on funding for a proposed lead service-line replacement program and were told the city did not receive funding in the first round for an interest-free loan described in the meeting as the “IETA interest-free loan.”
A staff member said a number of communities applied and that St. Charles did not meet the first-round criteria; staff said the programs that received funding tended to be communities with lower equalized assessed value and that the successful jurisdictions were overwhelmed with applications. “So we will continue to apply for that and any other funding mechanisms,” the staff member said, adding that the city will schedule a staff-level meeting to outline funding options and then bring recommendations back to council.
The council clarified whether they should expect the program to rely on loans; staff said the city will prepare options that do not assume loan funding.
No formal action was taken; staff committed to further planning and a future report to council.
