LaSalle opens public hearing on $3.515 million water main replacement project

LaSalle City Council opened a public hearing on a proposed $3,515,000 water main replacement project that would replace undersized or aging mains on 1st Street, 7th Street and Rockwell Road.

Donahue & Associates engineer Terrence Boyer identified himself for the record and said the work would replace a 4-inch main on 1st Street with an 8-inch main and install a 12-inch main on Rockwell Road where repeated repairs have occurred. Boyer said the city is seeking funding through the Illinois Environmental Protection Agency's Public Water Supply Loan Program to finance the estimated construction cost of $3,515,000.

The project matter-of-factly addresses costs and repayment. Boyer said the loan scenario used in the agency's evaluation assumes a 20-year term at an estimated interest rate of 2.16%, producing an estimated annual repayment of $216,592. He also said qualifying applicants may be eligible for extended repayment terms (30–40…