Village Seeks Loan to Build New Water Tower

There soon could be a mountain towering over Mount Road in Shorewood.

The village board is looking to borrow $3.6 million to build a new water tower at the public works facility off Mount Road, according to a Sun-Times News Group report.

The board plans to participate in the Public Water Supply Loan Program offered by the Illinois Enviromental Protection Agency, according to the report.

The Village of Shorewood is seeking to borrow $3.6 million at a rate of 1.93 percent over 20 years, and it will use the money to build a 1.5-million gallon water tower, according to the report.

The new water tower will provide the village a greater reserve capacity and meet the needs of future popluation growth, according to the Sun-Times News Group report.