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PRESS RELEASE

FOR IMMEDIATE RELEASE: December 18, 2009

MAYWOOD APPROVES IEPA LOAN

TO REPLACE TWO WATER MAINS

The Village of Maywood Board of Trustees voted to approve an ordinance authorizing a loan agreement between the village and the Illinois Environmental Protection Agency to replace two sections of water mains.  Contingent to IEPA approval, the 20-year Public Water Supply Loan Program will provide $1,670,000 in no-interest funds to the village.  Additionally, with economic stimulus dollars being part of the loan, 25% of the project costs will be forgiven.

“The Village of Maywood looks at this opportunity as an excellent way to address a long-standing problem with two major sections of water mains,” stated Village Manager Jason Ervin.  Ervin said that water main replacement will be on Bataan Drive from 9th Avenue to 1st Avenue and on 9th Avenue from Main Street to the north village limits.

“Continuous leaks have occurred because of breaks in those two water mains,” Ervin went on, “and it has resulted in numerous repairs over the recent years.  This 20-year no-interest loan will be a real investment to Maywood,” Ervin concluded.

Maywood has advertised for bids and will open them at a public meeting on January 12, 2010.  An award will be made at the following village board meeting, pursuant to the IEPA approval of the loan.

 

 

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