Water rates will be the topic of conversation between Trustees at the Monday August 28 Board Meeting beginning at 7 PM. The Board will also discuss the $28 M loan application the Town made in June to the State Revolving Fund (SRF) to rebuild its water treatment facility, and grants and offsets it has received since.
The plant has exceed its expected useful life and does not have the capacity to serve the growing community.
The loan will be considered on August 23 by the Colorado Water Resources and Power Development Authority, one arm of the SRF. The Colorado Department of Local Affairs (DOLA) and the Colorado Department of Health and Environment (CDPHE) are the other two agencies involved.
It has been recommended by the SRF staff that the SRF Board approve the $28 M loan to the Town of Silt. It has further recommended that the Town receive some $8 M in loan forgiveness. The Town has also received other grants, reducing the actual loan amount to under $19 M.
Staff continues to work on an equitable water rate schedule and will present their work again to the Board on August 28 at their regular Board meeting.
More information can be found at www.townofsilt.org on the home page, lower left-hand corner under the button titled “Water Treatment Plant Planning Documents and Information”.
The meeting on Monday, August 28 will begin at 7 PM at Silt Town Hall.
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