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Cody approves $2 million drinking-water loan with 25% principal forgiveness for PRV upgrades
Summary
Council approved the Drinking Water State Revolving Fund loan agreement DW‑268 for $2,000,000 to fund pressure‑reducing valve replacement and upgrades, authorizing the mayor to sign and approving a $10,000 loan-origination fee.
The City of Cody council approved a Drinking Water State Revolving Fund loan agreement (DW‑268) with the Wyoming State Loan and Investment Board and authorized the mayor to sign the documents. The council also approved payment of the $10,000 loan‑origination fee required to initiate the agreement.
City staff explained the loan covers the pressure reducing valve (PRV) replacement and upgrade project, identified as priority number 2 in the city’s 2021 water master plan. The loan approved by the…
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