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Troy council: wastewater project funding moving forward; March 28 bid-related deadline noted
Summary
City staff said applications for wastewater project funding are progressing and the city will soon learn which loan it may qualify for; the project timeline includes a March 28 deadline tied to a 60-day window from the bid date, and staff noted assistance will be available for the rate increase process.
Troy City Council members were told that the city’s wastewater project remains on track while funding applications are processed.
Officials said the city expects to learn soon which loan program it qualifies for. The project has a timeline constraint: a completion requirement tied to a 60-day window from the day of the bid, which staff stated must be met by March 28. Meeting minutes note there will be assistance to the city for the rate increase process associated with the project, but no figures or specific loan programs were named at the March 3 work meeting.
Council did not take any votes on loan selection or rate-setting at this meeting; staff will return with details as funding decisions are finalized.
