SV hopes to stimulate water projects

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SPRING VALLEY — The city of Spring Valley is still hoping for some federal stimulus funds for some waterworks and sewer projects.

At Monday’s city council meeting, Alderman Tom Nesti, who is also chairman of the council’s Water and Sewer Committee, gave the council an update on the city’s three major stimulus projects.

“As of April 29, the estimates of time left on the design for those programs was two weeks on the Ladd Road project, three to four weeks on the combined project, and one to two weeks on the water mains on the southeast section of town,” Nesti said.

The projects include the separation of the city’s combined sewer and stormwater system along Third and Fourth streets west of Greenwood, and an area northeast of Kirby Park, at a cost of $2 million; the Ladd Road sewer replacement at a cost of $1 million; and water main work in the southeast part of town at a cost of about $500,000.

The stimulus funds will be available through the Illinois Environmental Protection Association. The IEPA’s funds will be offered to eligible communities as a 25 percent grant and a 75 percent loan, offered at 0 percent interest with a payoff period of 20 years.

The total cost of the three projects is estimated at $4.5 million, including interest, engineering, legal and financial costs. On March 30, the council approved an ordinance authorizing the issuance of up to $4,565,000 revenue bonds for the projects, as required by IEPA guidelines.

On Monday, it was time for the loan documents. The aldermen unanimously approved resolutions for Mayor Cliff Banks to sign the three loan documents, as required by the Water Pollution Control Revolving Fund for construction of sewage treatment works.

Nesti said that once the design is done, the projects will be considered “shovel ready,” and the city could go out for bids while applying for the necessary permits.

Nesti said the projects just depend on what happens with the stimulus funds.

“We’ll just wait and see if any money filters its way through to us,” he said.

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