MONTICELLO – The Village of Monticello
is going to bond for up to $7.6 million to pay for a water system improvement
project.
The village board authorized moving forward on Friday.
The USDA will provide $1.25 million in a combination of a loan and grants
and Village Manager David Sager said the next step before putting a shovel
in the ground is to set all of the financing in place.
“We are trying to make sure we are moving through the application
process by March 31 so we don’t miss out on funding opportunities.
I would hope certainly that it would move forward late summer or early
fall if not from there. There is a lot to be done. We are just trying
to worry about making sure that the village goes through all of the necessary
procedures so that we don’t lose the funding stream,” he said.
The work will include upgrading the water treatment plant, replacing
several sewer lines and fire hydrants.
