SLIB Board Approves Loans for City Project

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(Photo Ron Richter ©)
(Photo Ron Richter ©)

The Wyoming State Loan and Investment Board approved a $1.3 million Clean Water State Revolving Fund loan and a $931,000 Drinking Water State Revolving Fund loan for the City of Sheridan North End Utilities Project at their meeting in Cheyenne Thursday.

The CWSRF loan will be used to install approximately 7,000 linear feet of sanitary sewer main and a lift station. The lift station and sewer mains are located north of the interchange at the north end of the City and will go to the new Sheridan County School District #2 elementary school site.

The DWSRF loan will be used to install approximately 7,000 linear feet of water main and appurtenances. The water line that will be installed will provide water to the new elementary school site and provide an option for existing residents to tie to City water, instead of wells.

The CWSRF loan was approved by the SLIB Board with an interest rate of 2.5 percent and a 25 percent principal forgiveness, and the DWSRF loan was approved with an interest rate of 2.5 percent over 20 years.

SheridanWyoming.com

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