Laserfiche WebLink
. . 'ti <br /> FINANCIAL MANAGEMENT DEPARTMENT <br /> #2000 - 18 <br /> September 12, 2000 I <br /> MEMO TO: The Honorable Mayor and City Council Members I <br /> FROM: Steve Garman, City Manager <br /> Beth Couter, Financial Management Director � <br /> John Smith, Water Production Manager <br /> SUBJECT: Authorization for Loan Application <br /> Attached is a resolution authorizing the City to apply for a loan from the Illinois <br /> Environmental Protection Agency to fund the capital costs of implementing the nitrate removal <br /> system at the South. Water Treatment Plant. The interest rate for these type of loans usually nzns <br /> about three percent or less. The loan application will request a twenty year pay back period. <br />