Lockwood Water & Sewer District – News & Information
PHASE II SEWER PROJECT UPDATE
Lockwood Water & Sewer District would like to thank all the residents of the Lockwood Community for your patience and understanding over the last year during the construction of the Phase II Sewer Project. Due to the mild winter we had last year, crews were able to work through it and complete construction ahead of schedule. Over the next year you may still see construction crews from time to time working on issues related to the project covered under our warranty period. If you notice anything unusual or have any concerns please notify the District.
Phase II was opened up on September 1st, 2016 for residents to begin connecting into. We have already had a considerable number of property owners come into the office, pay their fees and start connecting into the sewer system. At no time is connection to the sewer system allowed without prior approval by the District.
The total project costs were about $10,000,000. Of the total cost the District received close to $3,000,000 in grants and loan forgiveness. As a partner with the District and the community, Yellowstone County contributed over $800,000 towards additional road improvements within the project area. The total amount financed by the District through Special Assessment Bonds was $6,000,000, this included a USDA Rural Development Bond of $3,000,000 for 40 years and a State Revolving Fund Bond of $3,000,000 for 30 years. Property owners within the Phase II Boundary will see an assessment on their upcoming tax notice. The 2016 assessment for the Phase II Sewer Project will be will be split up for each loan on your tax bill one for SRF and one for RD totaling $421.30.
Overall we feel that the project has been a great success and another step forward in being able to provide our community with a much needed service. As always please feel free to contact the District with any questions.