Oak Creek — More than $5 million in Waterworks System Revenue Bonds will be sold to the state in exchange for a low-interest loan to finance repair of water mains in three Oak Creek subdivisions, where breakage is the worst in the city.
About 29,000 total miles of water mainis affected at Cedar Hills, Rowan Estates and Howell Estates combined, where current pipe systems are made of cast iron from the 1950s or 60s, said Ron Pritzlaff, utility engineer.
The three subdivisions experience upwards of two breaks per mile, per year, "which is unacceptable when it comes to customer service and customer interruption," said Pritzlaff to the common council on May 20.
There are about 450 customers affected in these areas.
The Water and Sewer Utility Department applied for the Safe Drinking Water Loan Program through the state Department of Natural Resources to compensate for construction costs, which total $5,471,070.
The bonds are being issued in exchange for a loan with a 1.925 percent interest rate.
Construction on Rowen Estates is under way. Howell Estates is nearly complete. Cedar Hills work will begin next year.
- Meijer and Family Life Center partner in Simply Give food pantry donation program
- Video: 'Why not Oak Creek?' IKEA plans to open furniture store in summer 2018
- Furniture retailer IKEA reportedly eyeing site in Oak Creek (1)
- Annual Oak Creek bike rodeo mixes fun and safety
- Oak Creek police report: May 5, 2016 issue
- Oak Creek police report: April 28, 2016 issue
- Oak Creek student facing charges after stealing car, eluding police
- Oak Creek police report: April 21, 2016 issue
- Oak Creek-Franklin School District's director of business reflects on career, looks forward in Q&A
- Meijer customers given opportunity to co-star in television commercial