The Sheridan City Council voted to authorize a $4 million Clean Water State Revolving Fund (CWSRF) loan application to finance closure work on Cell 9 of the city landfill.
The authorization, approved by voice vote on the motion, directs staff to apply for CWSRF assistance that would include a request for 25% principal forgiveness and a 20‑year loan. "The resolution before council tonight ... is authorization for the city to submit a SRF loan through the clean water program for closure of of Cell 9," said Dan Roberts, Sheridan utility director.
The loan would fund partial design and construction of the engineered cap for Cell 9. Roberts told council the city is requesting 25% principal forgiveness; if that forgiveness is awarded the remaining loan would carry an estimated 2.5% interest rate for 20 years. If forgiveness is not awarded, he said the loan rate would likely be about 1.25% for the same term.
Roberts said repayment would come from Sheridan's landfill closure/post‑closure fund, which he said currently carries a balance "just under $2,200,000." He said the city builds that fund over time through budgeted contributions and that the SRF loan is part of an established financial assurance and capital plan, not an ad‑hoc request. "So with it, it's really not gonna affect rates different than our rate plan than what we've already set forth with city council," Roberts said.
Roberts walked the council through the multi‑decade sequence the city uses to develop and close landfill cells. He said Cell 9 is about "99% full" and must be closed when the remaining capacity is used. Construction of Cell 10 will follow, with additional phases of Cell 10 planned over decades; the financial assurance outlook the city uses extends through roughly 2080 and post‑closure monitoring will last at least 30 years beyond final closure, Roberts said.
Federal Subtitle D rules require financial assurance for municipal landfills; Roberts said Wyoming DEQ's trust fund program helps meet that requirement but does not by itself fund the capital cost of closures. The SRF loan would allow the city to build and cap Cell 9 on schedule while preserving rate stability, Roberts said.
Councilors asked about possible future uses of closed landfill acreage and about the mechanics of the funding plan. Roberts said closed landfills can be repurposed for parks or solar fields and reiterated that the closure loan request is part of planned capital work already reflected in the city's capital improvement program.
The motion to submit the CWSRF loan application for the Sheridan Landfill Cell 9 closure project, in the amount of $4,000,000, passed by voice vote.
Council did not set any new rates as part of the vote; the loan application is an authorization to apply, with final terms dependent on SRF approval and the interest/forgiveness outcome.