DeSoto trustees discuss water-main improvement project funding issues
At a recent meeting, the DeSoto Village Board discussed a proposal to use debt-forgiveness funds for the water-main improvement project.
Below are the minutes from this meeting, as provided by the board.
STATE OF ILLINOIS)
COUNTY OF JACKSON)
VILLAGE OF DESOTO)
September 7, 2016
The Water Committee met with Harold Sheffer and Amanda Tinsley of J.T. Blankinship on Wednesday, September 7, 2016 to discuss how to use the debt forgiveness funds of $253,766 for the watermain improvements project. The meeting was called to order at 4:00 p.m.
Larry White, Trustee
Tony Rushing, Trustee
Tim Cochran, Trustee
David Griffin, Director of Public Works
Harold Sheffer, Engineer with J. T. Blankinship
Amanda Tinsley, J. T. Blankinship
Those persons present reviewed the plans for all phases of the watermain improvements project. The application for a DCEO grant for Phase II has been completed and will be submitted by September 30.
The Village could submit a change order for Phase I to use the debt forgiveness funds. However, the Village would either have to include the higher income section in Phase I or revise the grant application to do some of the work that was included in the application for Phase II. Another option would be to close the loan as is and wait to see if the grant is approved. The Village should know by January or February of 2017 if the grant is approved. If the grant is not approved, the Village will apply for another loan. To be proactive, the Village could have Blankinship do preliminary engineering for another loan. The preliminary engineering would cost between $5,000 and $10,000.
After much discussion, the committee decided to make the following recommendations.
1. Close the loan as is and wait to see if the grant is approved; and
2. Hire Blankinship to do preliminary engineering for another loan at a cost of $5,000 to $10,000.
Meeting adjourned at 5:20 p.m.