SAWS JPB Approves Loan Resolution

SAWS JPB Approves Loan Resolution
SAWS JPB Approves Loan Resolution

The Sheridan Area Water Supply Joint Powers Board Thursday approved a resolution authorizing the creation of a loan from the SAWS JPB to the City of Sheridan for the City's portion of the Permanent Mineral Trust Fund Loan. SAWS Project Manager Dan Coughlin.

The Permanent Mineral Trust Fund loan was for the construction of the original water system. The refinancing will save the City about $200,000 and reduce the loan by eight years.

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