Moorcroft Leader - The Voice of the Community Since 1909, Serving Moorcroft and Pine Haven, Wyoming

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...



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