Troy holds City Council workshop to review water plant renovation
The city of Troy held a City Council workshop Feb. 8 to review an agreement for water plant renovation, assess a presentation on alternate bond financing and hold a discussion on water rates.
The professional services agreement would be with Gonzalez Engineering. Pat Judge, a Gonzalez representative, discussed the pros and cons of SRF funds through the IEPA low interest loan program. As a group, the workshop also discussed bidding and subcontracting, and it was noted that the water plant would be operational during the rehabilitation.
The Bank of Edwardsville gave a presentation on alternate bond financing. Its representative, Paul Millard, spoke about 15- and- 20-year loans.
During the next and last discussion, which focused on water rates for plant renovation, Alderman Dan Jackson reviewed his proposed rate schedule.
Organizations in this Story
330 West Vandalia Street
Edwardsville, IL - 62025
116 E Market St
Troy, IL - 62294