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Council praises staff after securing roughly $4.8 million in sewer grants and loans
Summary
Council reported a combination of grants and loans for the sewer project—an SRF loan of $2.9 million, a DNR grant of $833,700, a DWQ grant of $4.0 million and a DWQ loan of $500,000—totaling about $4.8 million in grants. Council said the funding will be reflected in upcoming budget adjustments.
At the meeting a council member summarized the financing package the city has received for the sewer project: a State Revolving Fund loan for $2,900,000, a Department of Natural Resources grant for $833,700, a Division of Water Quality (DWQ) grant of $4,000,000 and a DWQ loan of $500,000. The presenter summarized that the grant portion totaled roughly $4.8 million and that the loan remains outstanding.
Council members congratulated staff and said the awards reflected 'patience and the right people talking.' The presenter noted some previously budgeted figures still remain in the packet, including an $8,000,000 figure for the sewer project that will be adjusted to reflect prior spending and the awards.
No formal vote was taken on the financing at this meeting; council asked staff to include the awards and the changed loan/grant numbers in the next budget packet and public hearing materials so that the next meeting’s adoption can reflect the updated totals.
