HANCOCK - During the 2010 construction season, the city of Hancock has plans for a $4 million sewer project and a $4.2 million water project, and the water project may get larger after action taken by the city council this week
During the regular city council meeting on Wednesday, City Manager Glenn Anderson told council members it may be possible for the city to get additional funding to replace a 74-year-old water transmission line from Petro Lane near Atlantic Mine to 6-Mile Hill near Baltic, which is where the city well is located.
Anderson said because of the availability of American Recovery and Reinvestment Act money, the city may be able to get loan/grant funding for the project.
The loan interest rate would be about 2.5 percent.
"The interest rate is at an all-time low," he said.
Anderson said he thinks if the council applied for additional funding for the Petro Lane project, it could be made an addendum to the $4.2 million project.
Most of the city has 4-inch pipe, and as part of the $4.2 million project, it will be replaced with one mile of 8-inch pipe.