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Council approves $1 million state loan to inventory lead service lines; up to 25% principal forgiveness available
Summary
Council approved a $1,000,000 State Revolving Fund loan (DW294) to fund a lead service line investigation, including purchase of a vacuum excavator truck; staff said up to 25% principal forgiveness may apply and a final inventory is required by October 2027.
The City of Cody council approved a State Revolving Fund loan agreement (DW294) providing $1,000,000 to support a lead service line investigation project.
Philip Bowman summarized the loan terms and project purpose, saying the loan is eligible for up to 25% principal forgiveness and that repayment would begin after the project is complete. He estimated that after…
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