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SHERMAN The Sherman Village Board has authorized Mayor Colleen Meeder to move ahead with the drinking water system improvement project despite delays on receiving a grant from the state Environmental Facilities Corporation.
Board members gave approval for the mayor to sign for a one-year bond anticipation note not to exceed $2,400,000, with an early redemption option, for the project.
The village has been approved for funds from the EFC, which will cover the project, Meeder reminded trustees. Because the village was able to receive hardship status, it was awarded a grant from EFC to cover 60% of the cost of the project. The remaining 40% will be covered by a 30-year zero interest loan from EFC, she said. ....

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