SLIB condition causes snag
August 29, 2019
The upcoming Stage 1 of the Powder River Water project, slated to start in the spring, has hit a snag. SLIB community loan officer Rebecca Webb recently contacted Moorcroft Clerk/Treasurer Cheryl Schneider regarding a new requirement for the loan.
The town is expected to retain three months’ worth of payments in a reserve account and Schneider is to send their office a copy of the account statement on a quarterly basis for verification until the loan is paid in full. The amount needed to comply with this order is $47,031.
The town currently holds $36,866 in the water reserve, which is u...