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Utilities board approves application for $4.9M lead-service-line replacement project; two resolutions passed
Summary
The Bloomington Utilities Board approved submission of an Indiana Finance Authority SRF funding application for a $4.9 million project to replace deteriorating mains and lead service lines, including seeking up to $1 million in principal forgiveness; the board passed two resolutions authorizing submission and acceptance of the preliminary engineering report.
The Bloomington Utilities Board on March 23 approved staff’s request to submit an Indiana Finance Authority (IFA) State Revolving Fund application to replace lead service lines and deteriorating mains across the city’s water system.
Consultants from Arcadis and City Utilities staff said the project’s estimated construction cost is $4.9 million and that up to $1 million of that total could be provided as principal forgiveness (a loan portion that would be forgiven once the project is complete) if the application is selected. The presenters said much of the proposed work is in areas the IFA considers disadvantaged and that the funding package could include additional forgiveness or very low interest loans for the remainder.
Arcadis and CBU staff explained the project is motivated by public-health…
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