The Sac City Council will be utilizing a loan from the Iowa Department of Natural Resources (DNR) State Revolving Fund (SRF) to finance a portion of the $2.28 million sewer project scheduled to begin next year. According to Administrator, Jamie Lawrence, the council approved a resolution at their meeting last week to pursue a zero-percent interest loan for up to $380,000. He says the project has already been accepted for funding through the USDA Rural Development grant program.
He adds this does not affect the overall cost, but it will help the city save some money on interest by eliminating the need to borrow funds for engineering and design fees. Lawrence says the work they have planned will be extensive.
A full construction schedule has not been finalized, but Lawrence says residents should expect for work to begin sometime next spring with an estimated completion date in October 2021.
