Log Lane utilities bills to rise $10 per month

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From The Fort Morgan Times (Dan Barker):

The Log Lane Village Board of Trustees approved two ordinances Thursday night, one raising the basic cost for water by $5 and the other raising the basic cost for sewer services by $5. New town attorney Carl McGuire — who was sworn in that evening — said the rise in costs was necessary because the town needed larger reserves to ensure it could pay the loan it got for the recent overhaul of those utility systems. Log Lane took out a loan from the Colorado Drinking Water Revolving Fund through the Colorado Water Resources and Power Development Authority for the work on the systems, he said. However, the authority is demanding that Log Lane have a certain level of reserves to make sure it can pay its loan, and the current reserves are not acceptable.

More Morgan County coverage here.

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