Macon Municipal Water Project - Funding and Progress Overview
"Explore the journey of Macon's water infrastructure project, from funding challenges to pandemic impacts and successful advancements. Witness how strategic decisions and adaptability shaped the project's course."
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Presentation Transcript
IEPA SRF FUNDING City of Macon A BRIEF HISTORY
Original Project Replace Meters Replace Automated Meter Reading Technology
Original Project Estimated Cost - $360,000 Funds on Hand - $100,000 Shortfall - $260,000
Game Changer #1 IEPA Began Offering Principal Forgiveness City Hit the Pause Button Held Study Session to Identify Upcoming Needs
Updated Project Replace Meters and Meter Reading System Replace Approximately 2.5 Miles of 60-year-old Well Line Replace Control Structure at Well Field
Updated Project Replace One Block of Undersized Distribution Main Replace Two Aged Aerators with One Larger Aerator Install New Backup Generator at Well Field
Updated Project Costs Engineer s Estimate Approximately $1,800,000 IRWA Completed a Rate Study Determined Project was Affordable
Updated Project Engineers Were Retained Easements Were Sought PANDEMIC Went Out For Bid Bids Were Opened
Game Changer #2 The Pandemic! Bid Opening Revealed a Low Bid of $2,800,000 Project Cuts Considered Game Changer #3
Game Changer #3 IEPA Set New Rules for SRF Loan Program Principal Forgiveness was Now 50% of eligible Project Costs or $1,000,000 Whichever is Less Renewed Rate Study Project is Currently Under Construction with No Cuts
Things Gone Wrong So, what happens when things go wrong with a loan?
Things Gone Wrong Brief Case Study of a Loan That Went Awry
Moecherville Water District, NFP Receivership 2010
Things Gone Wrong IRWA Contacted IRWA Appointed Receiver IRWA Assumed Control October 2010
Things Gone Wrong MWD Had Received Approximately $5,000,000 in Loans & Grants 5 Years No Payments Why?
Things Gone Wrong NOT SO!
Things Gone Wrong Cash Deposits From Payments Declined Significantly Records Show Cash Payments
Things Gone Wrong Staffing Board President Office Manager Assistant Office Manager Contract Operator Full Health, Dental, Vision
Things Gone Wrong So, What Happens to a System That is Deemed Insolvent and Foreclosed Upon?
Things Gone Wrong Inquiring Minds Might be Asking What Happened to the Board President?
Things Gone Wrong Guilty!
