Joliet approves loans for water, sewer and road upgrades
Brock A. Stein | 4/19/2017, 4:04 p.m.
Joliet this week approved a resolution accepting a series of Illinois Environmental Protection Agency (IEPA) loans for water and sewer system upgrades.
The city will borrow up to $132 million for water pollution control upgrades and up to $36 million for water supply upgrades according to a city memo.
Work to be completed includes:
• Water main rehab for the downtown area (phase 1); Glenwood and Forest Park (phase 1) and Terry Dr./Marycrest Dr. (phase 2) water main replacement at a cost of $7.6 million to be paid back over 20 years at 1.64%
• Improvements to the Aux Sable and Westside waste water treatment plants for phosphorous removal at a cost of $19.3 million to be paid back over 20 years at 1.75%.
• A sewer rehab project for $6.8 million
• Wet weather treatment facility (phase 3) upgrades for $38.3 million.
In addition, the city approved roadway projects that will be funded with motor fuel tax (MFT) funds for just over $692,000.
The city will complete road improvements on Douglas Street and Knox Place for just over $321,000 and improvements on Marion Street and York Ave. for just over $371,000.
MFT funds come from a tax of 19 cents added for each gallon gas sold that is earmarked for road upgrades and improvements.