Published by admin on Tue, 03/15/2022 - 5:02pm
The village of Coal City needs $4 million to upgrade its sanitary treatment plant and it plans to finance the project through the sale of bonds.
Village trustees gave town’s administrator the go ahead to issue notice of public intent to issue up to $4 million in alternative revenue bonds in order to complete the work.
“The total amount of bonds to be sold will likely be $2 million, however $4 million was preserved in case additional utility improvements are necessary or in case the project grows in total cost,” said Village Administrator Matt Fritz.