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PROJECT FINANCE AMENDMENT
NOTICE OF PUBLIC HEARING
SARATOGA TOWN COUNCIL
SRF SEWER LINE REHABILITATION PROJECT
In pursuant to Wyoming Code; notice is hereby given that a Public Hearing will be held by the Town Council of the Town of Saratoga.
Purpose: The Town of Saratoga is applying for funding through the State Revolving Loan Fund, to complete improvements to the Town’s Sanitary Sewer System. The project includes the rehabilitate approximately 3,000 feet of existing sewer main lines. The work includes the replacement of two sewer main lines that cross the North Platte River. In addition to replacement/rehabilitation of the river crossings. Alongside the river crossings the project will replace existing clay lines in the alleys and streets on the west side of town. Construction methods may include open cut excavation as well as, CIP methods and/or pipe bursting. We anticipate completing design in 2025 and beginning construction that fall with a completion date of spring 2026.
The estimated cost of the project is $3,150,000.00. The Town of Saratoga will be seeking a 30-year loan at 1.5 percent interest to cover the cost of the improvements. The intended use plan has a schedule showing the Town receiving a principal forgiveness for approximately 50 percent of the project cost. CHANGE: Sewer Enterprise Funds will be used to re-pay the loan. The Town anticipates a monthly rate increase of a $1.28 spread over the next 2 years to cover the annual payment on the loan. This increase will be in addition to the 3% percent rate implemented annually as per Town Ordinance.
The Saratoga Town Council will conduct a hearing on this proposal at;
Time: 6:00pm
Date: November 19, 2024
Where: Town Hall (Council Chambers)
110 E. Spring Ave.
Saratoga, WY 82331
This is an opportunity for the public to comment on the proposal. Written comments may be mailed to:
Saratoga Planning Department
P.O. Box 486
Saratoga, Wyoming 82331
Written comments must be received 7 days prior to the public hearing.
For questions or information please contact the Saratoga Public Works Department at the mailing address above or call 307-447-2882.
Para español, visite deq.wyoming.gov. Americans with Disabilities Act: special assistance or alternative formats will be made available upon request for individuals with disabilities. Please provide at least fourteen (14) days before the close of the public comment period for such requests
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