Title:
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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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