City gets state loans for street repairs

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Posted: Friday, January 10, 2020 4:45 pm

The Elk Point City Council held a half-hour work session before its regular meeting Monday, Jan. 6.

City Administrator Derek Tuttle told the council the city had received $1.088 million in funding through the state Board of Water and Natural Resources. The money scomes in two loans, repayable over 30 years at 2.5 percent.

The funds will be used to help pay for water and sewer line upgrades on Douglas and Washington streets. The city will pay for asphalting the roads, except for areas on Washington that are currently gravel. Property owners will be assessed that cost. Total cost of the project is estimated to be $1.25 million.

See full story in this week’s Leader-Courier.