File #: 220392    Version: 1 Name: An Ordinance Authorizing the Village of Lombard to Borrow Funds from The Water Pollution Control Loan Program
Type: Ordinance Status: Passed
File created: 12/5/2022 In control: Village Board of Trustees
On agenda: Final action: 12/15/2022
Title: An Ordinance Authorizing the Village of Lombard to Borrow Funds from The Water Pollution Control Loan Program Approving an Ordinance authorizing the Village of Lombard to borrow funds from the Public Water Supply Loan Program. Included in the Village of Lombard's Capital Improvement Plan is the rehabilitation of a large diameter combined sewer. As the amount of the project represents 100% of annual revenues to the Water/Sewer Fund, the IEPA loan will allow the Village to spread the cost of the project over a defined period of time. Staff is requesting a waiver of First Reading. (DISTRICTS #1 and #5)
Attachments: 1. 220392 Board Meeting Attachment 12.15.22, 2. Cover Page 220392.pdf, 3. Ordinance 8109 Authorizing the Village of Lombard to Borrow Funds from the Water Pollution Control Loan Program.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
12/15/20221 Village Board of Trustees waived of first reading and passed on second reading with suspension of the rulesPass Action details Meeting details Not available

Title

An Ordinance Authorizing the Village of Lombard to Borrow Funds from The Water Pollution Control Loan Program

Approving an Ordinance authorizing the Village of Lombard to borrow funds from the Public Water Supply Loan Program. Included in the Village of Lombard's Capital Improvement Plan is the rehabilitation of a large diameter combined sewer. As the amount of the project represents 100% of annual revenues to the Water/Sewer Fund, the IEPA loan will allow the Village to spread the cost of the project over a defined period of time. Staff is requesting a waiver of First Reading. (DISTRICTS #1 and #5)

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