Posted on November 6, 2018
Author Jacque Ryan, WKVI
North Judson Town Council members were required to make an amendment to the Town’s 2018 water revenue bonds ordinance when they met Monday night.
As previously reported, the Town is funding their drinking water project with money from a State Revolving Fund (SRF) loan. When members initially passed the water revenue bond ordinance, they included the anticipated interest rate which was 3.25 percent.
However, when the Town submitted a request for the loan, they were not accepted in the round they applied for. Instead, they were placed into a category where they would receive funds from a public pool of money. This resulted in an increased interest rate.
Town Attorney Justin Schramm told the town council members on Monday that they just needed to pass an ordinance that would amend that interest rate in the ordinance to reflect the new amount.
Clerk-Treasurer Andrew Rowe noted that the rate was first going to be 4.25 percent. He said after some negotiations, that percentage was brought down to about 3.55 percent.
Members voted to introduce the ordinance. They then unanimously approved a motion to suspend the rules that call for a second and third reading and went on to adopt the ordinance which amends the rate. The 3.55 percent rate is what appears in the amended water revenue bonds ordinance.
Showing posts with label State Revolving Fund. Show all posts
Showing posts with label State Revolving Fund. Show all posts
Tuesday, November 6, 2018
Monday, August 21, 2017
Public Hearing Tonight for North Judson Sewer, Water Projects
Posted on August 21, 2017
Author Michael Gallenberger, WKVI
The North Judson Town Council will hold a public hearing tonight on proposed water and sewer upgrades. The town plans to pursue a loan through the State Revolving Fund, as well as grant funding from the Indiana Office of Community and Rural Affairs, to rehabilitate the two water towers, add a well, and upgrade the existing well pumps, among other improvements.
North Judson is also planning $3.1 million in wastewater upgrades. That work will include modernizing the wastewater treatment plant and bringing the town’s combined sewer overflow into compliance with Indiana Department of Environmental Management regulations. The town hopes to get a 40-year bond through the U.S. Department of Agriculture Rural Development Office to pay for that work.
Residents will have the chance to weigh in on the financial arrangements tonight at 6:00, before the regular town council meeting at 6:30.
Author Michael Gallenberger, WKVI
The North Judson Town Council will hold a public hearing tonight on proposed water and sewer upgrades. The town plans to pursue a loan through the State Revolving Fund, as well as grant funding from the Indiana Office of Community and Rural Affairs, to rehabilitate the two water towers, add a well, and upgrade the existing well pumps, among other improvements.
North Judson is also planning $3.1 million in wastewater upgrades. That work will include modernizing the wastewater treatment plant and bringing the town’s combined sewer overflow into compliance with Indiana Department of Environmental Management regulations. The town hopes to get a 40-year bond through the U.S. Department of Agriculture Rural Development Office to pay for that work.
Residents will have the chance to weigh in on the financial arrangements tonight at 6:00, before the regular town council meeting at 6:30.
Friday, August 11, 2017
Public Hearing Scheduled for North Judson Sewer, Water Projects
Posted on August 11, 2017
Author Michael Gallenberger, WKVI
North Judson residents will have a chance to weigh in on proposed water and sewer upgrades. A public hearing is scheduled for Monday, August 21 at 6:00 p.m. at the town hall, before the regular town council meeting at 6:30. It’s a required step before the town can pursue financing for the projects.
To pay for the water upgrades, North Judson hopes to get a loan through the State Revolving Fund, as well as grant funding from the Indiana Office of Community and Rural Affairs. The project would rehabilitate the two water towers, add a well, and upgrade the existing well pumps, among other improvements.
At the same time, the town is also planning $3.1 million in wastewater upgrades. That work will include modernizing the wastewater treatment plant and bringing the town’s combined sewer overflow into compliance with Indiana Department of Environmental Management regulations. The town hopes to get a 40-year bond through the U.S. Department of Agriculture Rural Development Office to pay for the upgrades.
If all the funding arrangements fall into place, town officials expect to be able to make the upgrades without increasing water and sewer rates again.
Author Michael Gallenberger, WKVI
North Judson residents will have a chance to weigh in on proposed water and sewer upgrades. A public hearing is scheduled for Monday, August 21 at 6:00 p.m. at the town hall, before the regular town council meeting at 6:30. It’s a required step before the town can pursue financing for the projects.
To pay for the water upgrades, North Judson hopes to get a loan through the State Revolving Fund, as well as grant funding from the Indiana Office of Community and Rural Affairs. The project would rehabilitate the two water towers, add a well, and upgrade the existing well pumps, among other improvements.
At the same time, the town is also planning $3.1 million in wastewater upgrades. That work will include modernizing the wastewater treatment plant and bringing the town’s combined sewer overflow into compliance with Indiana Department of Environmental Management regulations. The town hopes to get a 40-year bond through the U.S. Department of Agriculture Rural Development Office to pay for the upgrades.
If all the funding arrangements fall into place, town officials expect to be able to make the upgrades without increasing water and sewer rates again.
Thursday, July 6, 2017
North Judson Council Votes to Proceed with Water Infrastructure Upgrades
Posted on July 6, 2017
Author Michael Gallenberger, WKVI
The North Judson Town Council is taking steps to upgrade the town’s water infrastructure. Council members voted Monday to proceed with a plan to rehabilitate the two water towers, add a well, and upgrade the existing well pumps, among other improvements.
To pay for the upgrades, the town will pursue a loan through the State Revolving Fund, as well as grant funding from the Indiana Office of Community and Rural Affairs. That’s a different approach than the town’s taking with its wastewater projects, which the town plans to finance with a bond from the U.S. Department of Agriculture Rural Development Office.
While council members approved the wastewater projects last week, they held off on the water improvements, over concern with Commonwealth Engineers’ cost estimates for a new well. It would serve as a backup for the town’s existing wells. Town Superintendent Marshall Horstmann told council members this week that Commonwealth was able bring that cost down by about $130,000. “He took off the well house that they had originally put on there and replaced it with the type of well house that we’ve got on the existing wells now,” Horstmann explained.
However, much of that money was added back, after town officials asked that an altitude valve for the downtown water tower be added into the plan. While one was delivered when the tower was built over 20 years ago, an apparent oversight by the engineer meant it was never installed. That’s prevented the town from filling the water tower all the way.
As long as North Judson is able to get the OCRA grant, the town will be able to make all the proposed upgrades without increasing water rates. Otherwise, the town may have to scale back its plans, raise rates again, or pursue other grant opportunities. Council member Jane Ellen Felchuk said State Senator Ed Charbonneau’s office has told her about some new grants that may be available.
Author Michael Gallenberger, WKVI
The North Judson Town Council is taking steps to upgrade the town’s water infrastructure. Council members voted Monday to proceed with a plan to rehabilitate the two water towers, add a well, and upgrade the existing well pumps, among other improvements.
To pay for the upgrades, the town will pursue a loan through the State Revolving Fund, as well as grant funding from the Indiana Office of Community and Rural Affairs. That’s a different approach than the town’s taking with its wastewater projects, which the town plans to finance with a bond from the U.S. Department of Agriculture Rural Development Office.
While council members approved the wastewater projects last week, they held off on the water improvements, over concern with Commonwealth Engineers’ cost estimates for a new well. It would serve as a backup for the town’s existing wells. Town Superintendent Marshall Horstmann told council members this week that Commonwealth was able bring that cost down by about $130,000. “He took off the well house that they had originally put on there and replaced it with the type of well house that we’ve got on the existing wells now,” Horstmann explained.
However, much of that money was added back, after town officials asked that an altitude valve for the downtown water tower be added into the plan. While one was delivered when the tower was built over 20 years ago, an apparent oversight by the engineer meant it was never installed. That’s prevented the town from filling the water tower all the way.
As long as North Judson is able to get the OCRA grant, the town will be able to make all the proposed upgrades without increasing water rates. Otherwise, the town may have to scale back its plans, raise rates again, or pursue other grant opportunities. Council member Jane Ellen Felchuk said State Senator Ed Charbonneau’s office has told her about some new grants that may be available.
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