Village of Rockdale Board Meeting Minutes 2026-05-19
Rockdale Ratifies IEPA Watermain Loan Agreement
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Description
The Village of Rockdale ratified IEPA Loan Agreement L177318 to finance the Meadow Avenue watermain replacement project, combining approximately $2.9 million in grant funding with about $1.1 million in a long-term, low interest loan. The agreement also reflects full principal forgiveness for the lead service line replacement project.
Contract Details
Vendor
IEPA
Agency
Rockdale village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Long-term, low interest loan expected to begin late 2026
Renewal Date
2026-12-31
Renewal Info
Loan expected to convert to a long-term, low interest financing arrangement toward the end of 2026; principal forgiveness applies to specific project components.
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Village of Rockdale Board Meeting Minutes 2026-05-19
Village of Rockdale Board Meeting Minutes 2026-05-19
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