Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.
Local

Richmond taps into underused sewer plant

RICHMOND – To pay off a $7 million loan from the Illinois Environmental Protection Agency, the village of Richmond is looking to make its underutilized sewer plant a new revenue stream.

The Richmond Village Board unanimously approved a budget Thursday evening for fiscal 2013, which begins May 1.

The budget includes about the first six months’ worth of payments on equipment that will allow septic haulers to dump concentrated sewage at the plant – and allows the village to charge them for it.

The sewer plant was built in 2004 with the expectation that connection fees from the Prairie Hill subdivision would pay off the Illinois EPA loan, $450,000 in annual payments over 20 years.

Because the subdivision was never developed, the income never came in.

It also means the plant’s capacity was never reached. The village hopes to tap into that capacity by getting into the septic hauling business.

The additional equipment will cost $200,000 over two years, which Village President Pete Koenig considers a long-term investment.

The village has been negotiating with the Illinois EPA to reduce its annual payments, and at this point, it looks like the loan will be modified to $375,000 in annual payments over 30 years, Koenig said.

That’s still higher than the $250,000 to $275,000 village officials had been hoping for, he said.

For the last couple years, the village has been paying interest only in its two annual payments, and even though it has an agreement with the Illinois EPA allowing it to do that again this year, the budget is prepared to make one interest-only payment and one payment that includes a principal payment.

Loading more