The Iola Village Board approved a $255,760 loan Monday, Sept. 10, to help pay the expenses incurred by four separate that are underway.
The street portion of the Town Line Road project will cost $107,884. A state grant will pay for 50% of this project, and leave a balance of $53,542.
In addition, the bridge portion of the Town Line Road project will cost $302,236, of which half will be covered by the Waupaca County Local Bridge Aid Fund, leaving a balance of $151,118.
Oak and Depot Street projects have been funded by a private donor. However, the water main and sewer replacement on these streets, will be the responsibility of the village at a cost of $51,100.
Total costs for construction will be $641,700. The state will contribute $53,542 and the County $151,118. A private donation has already been made in the amount of $181,280, leaving a balance of $255,760 for the Village.
Due to the fact that the bills may become due prior to receiving the aid money from the state and county, the board also approved additional financing if necessary. This additional funding will be paid back once the aid money is received.
In other business the village set open burning dates for Sept. 11 to Nov. 30. Trick or treat hours were also set from 2-4 pm on Oct. 28.