Chapple and Prentice watermain financing
City of AshlandWisconsin- Detected
- Jul 14, 2026
- 115 days ago
- Sector
- Utilities
- Est. value
- Free account
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THE 30-SECOND BRIEF
Ashland is approving Safe Drinking Water Loan Program financing for watermain portions of the Chapple Avenue and Prentice Avenue reconstruction projects. Eligible costs total $1,062,533, with $690,647 in principal forgiveness and $371,886 financed via 30‑year water system revenue bonds at 1.485%. Jake’s Excavating is the construction incumbent; this signals ongoing main replacement work, future phases, and long-term rate-supported pipeline upgrades where vendors can help with design, construction, and asset management.
SDWLP provides 690647 in principal forgiveness; remaining 371886 financed at 1.485% over 30 years. Jake’s Excavating holds state contracts for Chapple Avenue reconstruction and Prentice Avenue Phase 2.
From the meeting
- Meeting date
- July 14, 2026
- Agency
- City of Ashland
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