Installing new sidewalks along Oak Street from 3rd to 9th Streets could be one of the projects funded by the city’s former revolving loan fund. The state has done away with the revolving loan fund program and communities like Mt. Carmel now are able to use those funds for various projects.
At Monday’s City Council meeting, city clerk Rudy Witsman said there is currently $356,000 available in the fund. The city also has the option of buying out the remaining loans to bring the total to almost $400,000. No decisions have been made on how the money will be spent, but Witsman said one possibility is the sidewalk project that would make Oak Street safer for walkers and bicyclists.
Commissioners took Witsman’s proposal to purchase the outstanding loan balances under advisement.
