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Board postpones $1.47 million Prairie Ridge watermain project application while seeking grant forgiveness
Summary
Village engineers reported IEPA principal forgiveness for the project is currently unavailable; the Board agreed to postpone and resubmit the $1.47 million Prairie Ridge Road watermain replacement and looping project to the July 1 filing cycle to improve grant prospects.
Village engineers Mark Kolczaski and Elisa Bonkowski told the Board the IEPA principal forgiveness program that previously covered up to 66% of project principal has been exhausted for the loan period sought for the $1.47 million Prairie Ridge Road watermain replacement and looping project.
Engineers said options include moving forward without principal forgiveness or postponing and resubmitting in the next filing period (July 1) when project readiness might improve the village's chance of receiving forgiveness. The engineers noted that, if approved, the project timeline would run July 1, 2025–June 30, 2026, with advertising expected in November. They also mentioned the easement for the looping project is on Idlewild property and the developer "may be willing to possibly provide financial assistance." The board reached consensus to postpone and resubmit the application.
The engineers reported uncertainty about what portion of principal forgiveness will be available at the next filing and recommended resubmission to strengthen the village's position.
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