PUBLIC NOTICE – Elevated Water Tank Painting Project

The City of Carmi is notifying the general public that they have received funding for the 500,000 Gallon Pedesphere Elevated Water Tank painting project. Funding for the project has been made possible in part by the Illinois Environmental Protection Agency’s Public Water Supply State Revolving Loan Fund, which receives a portion of its money from the U.S. Environmental Protection Agency. The $895,915.00 loan has an interest rate of 1.00% and will be repaid over 20 years. $636,099.65 of the loan amount will be forgiven by the State of Illinois pursuant to principal forgiveness provisions contained in the Loan Rules. The project will consist of repainting the tank’s interior and exterior. The project will allow the life of the tank’s coating system to be extended for another 15-20 years.