City to Apply for Grant to Help With Hillslides

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City of Sheridan Public Works Director Lane Thompson
City of Sheridan Public Works Director Lane Thompson

The Wyoming State Loan and Investment Board recently approved a $2.5 million Clean Water State Revolving Fund loan for the City of Sheridan Emergency Hillslides Stabilization Project.

City of Sheridan Public Works Director Lane Thompson said there are four major slides that the City is looking to address, two of which are located near Sheridan Junior High and Kendrick Park, one near Ridgeway Avenue and one in South Park.

The City Council will soon be considering a resolution to apply for a Federal Mineral Royalty Grant in the amount of $350,000 to help with the stabilization project. Thompson said that Sheridan County School District #2 is on board with helping with the slide adjacent to the Junior High School.

Thompson said that City staff continues to identify other funding opportunities that will help support the project and minimize the overall financial burden to the community. He said the loan that was recently approved by the SLIB Board has an interest rate of 2.5 percent over twenty years and 50 percent principal forgiveness.

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