Published
11 months agoon
The city of Sheridan’s Water Transmission Main could soon be extended to provide water to areas that could be developed in and around the city.
On Monday night (February 5th), by a 5-2 vote, the Sheridan City Council approved a resolution to authorize the submission of a Drinking Water State Revolving Fund loan application, in the amount of $1.9 million for the Northeast Transmission Main Extension Project.
The city had submitted a Wyoming Water Development Commission grant request for construction funding last year, but funding from the commission was not available.
The request was reconsidered by the Legislative Select Water Committee and was placed within the Omnibus Water Bill to be considered by the full Legislature in the upcoming budget session.
If passed the bill would provide half of the needed funding and the city would use the money from the loan to cover the other half.
Terms of the loan are projected to be 20 years at 1.5% interest, and the city would request up to 25% of principal forgiveness.
City Of Sheridan Utilities Director Dan Roberts says the project was identified in the city’s master plan as a needed transmission line to serve the northeast portion of Sheridan and Sheridan County.
“It extends from 5th Street at East Ridge Road and goes north and then cuts back west, crosses under the interstate at Kittering. It’s part of a loop that ultimately will cut all the way across the valley to the west and make available that area to be on a high pressure zone. The need for this project is really driven by growth and demand.”
Council members Andrew Patceg and Kristen Jennings were the two that voted against the resolution.
Roberts says if the loan is approved, an adjustment to the current 5-year city water rate plan would not be needed, but may need to be adjusted beginning with fiscal year 2028.