🏛️ Board of Trustees
Village authorized up to $8.34 million in financing for water-main improvements
2026-10-07 · 401 words
Key Actions & Decisions
- ◆ Albion’s village board authorized up to $8.34 million in bonds and bond-anticipation notes on July 22 for a water-distribution project involving approximately 13,500 feet of new main. The resolution describes new loops along Butts Road and Densmore Street/Moore Street, replacements along East State Street and Moore Street, and a new crossing beneath the Barge Canal.
- ◆ The board’s stated goals were improved reliability, hydraulic performance and fire protection. Its financing plan allows grants received to reduce the authorized debt dollar for dollar. A separate resolution authorized a $3.34 million local match using DWSRF loan funds and an application to the state Water Infrastructure Improvement program. The July record does not establish that the requested grant was awarded or that the full authorized debt was issued.
- ◆ The bond resolution says repayment is a general obligation of the village and makes the resolution subject to a permissive referendum. Those provisions describe the authorization; the minutes do not establish whether a referendum petition was filed or provide a final household cost. The board also adopted a negative environmental declaration for the project, finding in its review that an environmental-impact statement was not required.
Albion’s village board authorized up to $8.34 million in bonds and bond-anticipation notes on July 22 for a water-distribution project involving approximately 13,500 feet of new main. The resolution describes new loops along Butts Road and Densmore Street/Moore Street, replacements along East State Street and Moore Street, and a new crossing beneath the Barge Canal.
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