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Altamont City Council to Discuss State Revolving Fund Loan for Sewer System

 

The Altamont City Council will meet tonight and hear recommendations regarding the State Revolving Fund loan for sewer repairs.

 

Council members will hear from Midwest Assistance Program Project Manager Austin Masters who will present a summary of the rate analysis for Phase One (I) of the project. Masters is expected to recommend the City move forward with a $2.6 million loan from the State Revolving Fund on a 30-year term while continuing to pursue less expensive financing.

 

The Council will also hear reports from City Manager LeeAnn Myers and from the City's Police and Fire Departments.

 

Tonight's meeting begins at 7pm at 407 South Huston Street in Altamont. The meeting is open to the public and is also available for online viewing via the City's FaceBook page.

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