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Council schedules loan meeting as wastewater expansion planning moves forward amid biogas debate
Summary
Clinton City Council adopted a resolution fixing a date to authorize up to $1.884 million in sewer revenue capital loan notes and heard extended discussion about biogas options, federal tax credits and project costs tied to the city's wastewater treatment plant expansion.
The Clinton City Council on April 5 adopted a resolution setting a meeting date to authorize a loan and disbursement agreement and the issuance of not-to-exceed $1,884,000 in sewer revenue capital loan notes, and heard extended discussion about options to produce and use biogas from the city's wastewater treatment plant expansion.
Council members and city staff framed the action as a near-term financing step to advance design and planning that will determine whether the plant's biogas is routed into the regional pipeline or used on-site.
City staff said the federal program currently tied to the project could bring roughly $27.9 million in tax credits if the city moves forward with a biogas system. "The why is there's $27,900,000 federal tax credit that is out there if if we move forward with the biogas portion," a city staff member told the council. The staff member added that the design work will include two routing options: sending…
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