Quincy Aldermen votes yes on EPA loans to fund water and sewer upgrades
QUINCY, ILL —
The Quincy City Council votes yes Monday night on a measure to replace equipment for the city's water and sewer systems.
The council voted 12-1-1 to approve EPA loans totaling $11.4 million. This comes with a 1.7% interest rate.
Ward 3 Alderman Paul Havermale said these loans are for projects to ensure city infrastructure lasts another 30 to 50 years. He added he does not support privatizing the water treatment facility now that the city will move forward with the loans.
"It would have to be a very beneficial deal for the taxpayers of Quincy before I would ever support privatizing our water treatment facility," Havermale explained. "That's a public safety issue and I would be very hesitant to give up control of that."
Moving forward, Maylor Kyle Moore will enter into loan agreements with the EPA. Those will be executed to fund the identified projects.