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Council approves DNR-backed loans to aid lead service line replacements with varying principal forgiveness
Summary
The Fond du Lac City Council unanimously approved three resolutions allowing issuance of taxable loans under the DNR Lead Service Line (LSL) Replacement Loan Program; levels of principal forgiveness differ by census tract eligibility.
The Fond du Lac City Council on Aug. 13 unanimously approved three related resolutions to issue taxable loans under the Wisconsin Department of Natural Resources (DNR) Lead Service Line Replacement Loan Program, enabling different levels of principal forgiveness for property owners depending on census-tract eligibility.
City Director of Administration Trisha Davey briefed the council that the three separate resolutions are required because “each of our 3 loans has a different level of principal forgiveness,”…
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