Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Infrastructure Water topic
No spam. Unsubscribe anytime.
Rothschild board approves revenue bonds to fund PFAS response, cites $3.5M WDNR grant
Summary
Village Administrator Ryan VanDeWalle told the board the village has $3.5 million in WDNR Emerging Contaminants principal forgiveness and approved a Safe Drinking Water Loan Fund revenue-bond resolution authorizing up to $4,051,253 for the PFAS/chloride treatment project; the measure passed unanimously.
The Village of Rothschild voted unanimously Aug. 26 to authorize the issuance and sale of up to $4,051,253 in Water and Sewer System Revenue Bonds, Series 2024B, to support a PFAS/chloride treatment project.
Village Administrator Ryan VanDeWalle said the village is the recipient of a Wisconsin Department of Natural Resources Emerging Contaminants principal-forgiveness grant of $3.5 million and proposed using the WDNR Safe Drinking Water Loan Fund for the remaining financing. "The Village is a recipient of a WDNR Emerging Contaminants (EC) grant, or principle forgiveness, in the amount of $3.5M," VanDeWalle told the board and recommended approval of the revenue borrow.
VanDeWalle said village staff filed a technical correction with the U.S. Environmental Protection Agency to shift certain federal funds to an alternate chloride-treatment project and notified WDNR that the village would not use those federal funds for the PFAS project. The resolution approved by the board authorizes the village to borrow through the state loan fund as described and provides the covenants and details necessary to complete that financing.
Why it matters: the combination of grant principal forgiveness and loan proceeds shapes the village's ability to move forward with treatment work and affects the village's bond-funded obligations and repayment structure.
Board action and vote: the resolution (Resolution 2024-11) was adopted by roll call vote with all seven members recorded as Aye.
Next steps: the resolution authorizes staff to proceed with the loan closing and related documents; the minutes record no further public details about project timeline or repayment terms in that meeting.
