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Morton authorizes IEPA loan application as sewer‑plant replacement plan could cost $35–45 million and push rates higher
Summary
The village approved ordinance 26‑20 to authorize an Illinois EPA loan agreement that keeps Morton eligible for water‑pollution control financing to replace two aging sewer plants; engineers and staff said the project could cost roughly $35 million to $45 million, require a 20‑year loan with about $3 million in annual debt service at the high end, and prompt an estimated one‑time rate increase of about 35%.
Director of public works (Speaker 4) told the Village of Morton board the village must complete ordinance 26‑20 by the end of the year to remain eligible to receive Illinois EPA water‑pollution control loan funds if openings appear in the fund cycle.
"This document's required to, apply for additional funds to the IEPA bypass funding," Director of public works said, explaining the village missed the initial award cycle and wants to stay in position to accept financing if other communities’ projects fall through. He said the loan authorization is a procedural step that does not by itself commit the village to a final construction…
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