Marseilles City Hall approves process of sourcing a state grant and multiple low interest loans to fund infrastructure construction out to I-80 north of town.
Marseilles Mayor Jim Hollenbeck explains:
Two of the loans and the grant would aid the city in paying for extending water and sewer service to Interstate 80, with differing amounts and interest rates, as well as lengths ranging from 20 to 40 years.
The Illinois Environmental Protection Agency loan also includes a possibility of loan forgiveness, the council stated.
The City is also entertaining a 40 year loan that could be used to renovate and remodel City Hall if the city chooses to do so at a future date.