MONROE - The City of Monroe received word Wednesday afternoon the funding for the downtown streetscape project was approved by the Wisconsin Board of Commissioners of Public Lands.
At about 3:45 p.m., it was learned Monroe had one of the 12 available loans, totaling $14.2 million, which were approved through the State Trust Fund Loan Program. Monroe's loan is for $4.2 million.
"It's a go," Monroe Mayor Ron Marsh told The Monroe Times, in a telephone interview Wednesday.
Marsh signed the necessary paperwork, but said others also had to sign.
Community Development Specialist Tom Purdy of Fehr-Graham and Associates said Hans Anderson, principal owner of the engineering firm overseeing the project, walked the news and paperwork over to City Hall at about 4 p.m.
Terry Hughes, of E&N Hughes, Monroe, said the company, which has been contracted to do reconstruction work, will be on the Square today and Friday checking out what needs to be torn up.
Company equipment will be moved from a current project to the Square as it becomes available, he said.
Hughes named his brother, Todd Hughes, as project foreman and said he will be ready to start Monday.
The Build America Bond that will lower the city's interest costs on the trust fund loan also is ready for signatures. Marsh said getting the signatures for that program will not hold up the funding or the start of construction.
At about 3:45 p.m., it was learned Monroe had one of the 12 available loans, totaling $14.2 million, which were approved through the State Trust Fund Loan Program. Monroe's loan is for $4.2 million.
"It's a go," Monroe Mayor Ron Marsh told The Monroe Times, in a telephone interview Wednesday.
Marsh signed the necessary paperwork, but said others also had to sign.
Community Development Specialist Tom Purdy of Fehr-Graham and Associates said Hans Anderson, principal owner of the engineering firm overseeing the project, walked the news and paperwork over to City Hall at about 4 p.m.
Terry Hughes, of E&N Hughes, Monroe, said the company, which has been contracted to do reconstruction work, will be on the Square today and Friday checking out what needs to be torn up.
Company equipment will be moved from a current project to the Square as it becomes available, he said.
Hughes named his brother, Todd Hughes, as project foreman and said he will be ready to start Monday.
The Build America Bond that will lower the city's interest costs on the trust fund loan also is ready for signatures. Marsh said getting the signatures for that program will not hold up the funding or the start of construction.