The city of Madison is applying for federal funding through USDA Rural Development in order to do substantial water system improvements and subsequent street or surfacing reconstruction in the city. During their meeting Monday, city commissioners approved resolutions authorizing the submission of funding applications to the USDA Rural Development Water and Environment Program, and Community Facilities program.
City Engineer Chad Comes said that Banner Engineering had completed a preliminary engineering report on the city’s proposed projects last week and submitted it to Rural Development for their consideration. He said that First District Association of Local Governments is also assisting the city’s Finance Office with the applications as well. Comes said the city is proposing a number of areas for funding through the Rural Development programs.
Comes said Monday that a larger water tower is recommended and the areas where the work needs to be done the most have been identified.
In the city’s notice for the hearing on the applications it said the proposed project is estimated to cost up to sixteen-million dollars, with loan term and rate figures for the Rural Development loan program at 40 years at three-point-one-two-five-percent. Comes said that there is also the possibility of 45-percent grant eligibility for the proposed improvements.
City Utilities Director Brad Lawrence said this is a significant amount of work and the city will want to get as much done as it can if the funding is received.
The deadline for the applications to be submitted to Rural Development is July 16th.