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Village staff seeks council approval of $11.5 million State Revolving Loan Fund amendment for meter replacement project

Wellington Village Council (agenda review) · December 8, 2025

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Summary

Staff presented Resolution 2025‑78 to finalize Amendment 1 to a State Revolving Loan Fund award for the utility meter replacement project, adding about $4.6 million to produce a total principal near $11.5 million; staff said the loan term would be 20 years at about 3.41% and contract awards for construction are expected in January.

Village staff presented Amendment 1 to the State Revolving Loan Fund (SRLF) award for the utility meter replacement project during the agenda review. The amendment adds approximately $4.6 million to previously awarded principal, bringing total project principal…

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