Earlville proceeds with permissive referendum
EARLVILLE – The period of permissive referendum has officially begun for a capital project that is being proposed in the Village of Earlville.
During last Wednesday night’s board meeting, village officials unanimously passed a resolution authorizing the issuance of bonds for a capital water improvement project pending a period of permissive referendum.
Revised figures show that the water system project will cost approximately $3.49 million. An increase over the previously released total of $3.09 million.
The Village of Earlville has had a problem with the water system for several years, and many residents contend that problem is getting worse. Brown or discolored water often flows from the taps due to a buildup of sediment in the water pipes. Other issues with the system include an insufficient amount of chlorine contact time between the time the water leaves the storage tank and the time it reaches the first tap. A stand-by generator, a back-up chemical pump, new piping, water mains and storage tanks would all be included in the scope of the project.
Although some residents contend village officials had previously indicated the system upgrade would go up for a public referendum, they are currently proceeding with a system of permissive referendum. Village Clerk Christian Vischi explained the board made the decision in order to ensure they met the time line required by the USDA in order to get funding. Funding applications must be submitted by Sept. 30. Vischi said the public referendum could have held up the process and possibly resulted in a higher interest rate.
By passing the bond resolution Wednesday, the period of permissive referendum has begun. Community members now have up to 30 days to submit a petition signed by 20 percent of voters registered at the last election in order for the project to be put up for referendum.
A resident at Wednesday night’s meeting expressed a desire to start a petition. The petition must be submitted to the village within 30 days.
The village has already secured some funding for the project. USDA Rural Development offered the village a grant for $500,000 and a low interest loan to cover the rest of the cost. The original loan offered financing over a 38-year time frame at an interest rate of 3.625 percent, however new factors may decrease the interest rate even more. After receiving a letter from the state Department of Health, stating that the water system could cause health issues in the future, the village may be eligible to receive USDA’s poverty rate of 2.75 percent. Formal approval of the poverty rate hasn’t yet been provided by USDA, however the letter from the health department significantly increases the village’s chances. Official notice on the poverty rate is expected within the next few weeks.
During last Wednesday night’s board meeting, village officials unanimously passed a resolution authorizing the issuance of bonds for a capital water improvement project pending a period of permissive referendum.
Revised figures show that the water system project will cost approximately $3.49 million. An increase over the previously released total of $3.09 million.
The Village of Earlville has had a problem with the water system for several years, and many residents contend that problem is getting worse. Brown or discolored water often flows from the taps due to a buildup of sediment in the water pipes. Other issues with the system include an insufficient amount of chlorine contact time between the time the water leaves the storage tank and the time it reaches the first tap. A stand-by generator, a back-up chemical pump, new piping, water mains and storage tanks would all be included in the scope of the project.
Although some residents contend village officials had previously indicated the system upgrade would go up for a public referendum, they are currently proceeding with a system of permissive referendum. Village Clerk Christian Vischi explained the board made the decision in order to ensure they met the time line required by the USDA in order to get funding. Funding applications must be submitted by Sept. 30. Vischi said the public referendum could have held up the process and possibly resulted in a higher interest rate.
By passing the bond resolution Wednesday, the period of permissive referendum has begun. Community members now have up to 30 days to submit a petition signed by 20 percent of voters registered at the last election in order for the project to be put up for referendum.
A resident at Wednesday night’s meeting expressed a desire to start a petition. The petition must be submitted to the village within 30 days.
The village has already secured some funding for the project. USDA Rural Development offered the village a grant for $500,000 and a low interest loan to cover the rest of the cost. The original loan offered financing over a 38-year time frame at an interest rate of 3.625 percent, however new factors may decrease the interest rate even more. After receiving a letter from the state Department of Health, stating that the water system could cause health issues in the future, the village may be eligible to receive USDA’s poverty rate of 2.75 percent. Formal approval of the poverty rate hasn’t yet been provided by USDA, however the letter from the health department significantly increases the village’s chances. Official notice on the poverty rate is expected within the next few weeks.
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