The Town of Holland recieved a Community Development Block Grant for the town’s wastewater rehabilitation project.
But in order to obtain the grant funding, last night the Holland Town Council passed a resoulution authorizing the town to borrow 67-thousand dollars in matching funds from German American Bank.
The town plans to use the town’s equipment and vehicles as collateral for the loan with GAB.
In the resoulution the council appointed Clerk Treasurer and fiscal officer Ray Schuetter and town board president Tom Thacker the authority to sign any and all documents necessary to recieve funds for the loan in order to obtain the local matching funds needed for the Community Development Block Grant.
The project will upgrade mains and fix a situation involving a lift station on Kentucky Street that occasionally overflows during heavy rains.