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Jacksonville council approves IEPA loan agreement and revenue bonds for water and sewer improvements
Summary
The council voted unanimously to approve a loan agreement with the Illinois Environmental Protection Agency and to authorize issuance of waterworks and sewage revenue bonds, invoking an emergency clause to expedite the project funding for system extensions and improvements.
The Jacksonville City Council unanimously approved an ordinance authorizing a loan agreement with the Illinois Environmental Protection Agency (IEPA) and the issuance of waterworks and sewage revenue bonds to fund extensions and improvements to the city’s water and sewer systems.
Alderman Pollock introduced the loan agreement and moved for the emergency clause. The council voted to adopt the emergency clause and then voted to adopt the ordinance itself; both votes were recorded by roll call as unanimous. The ordinance authorizes bonds and a loan agreement with the IEPA to defray the cost of extending and improving the city’s waterworks and sewage systems.
No substantive debate or dissent was recorded on the ordinance during the meeting. The council did not discuss detailed financing terms or repayment schedules on the floor; those details were not specified in the verbal record provided at the meeting. The ordinance was adopted with the emergency clause in effect.
Next steps typically include executing the loan documents with the IEPA and proceeding with contracting and project administration under the city’s capital improvement processes.
