While the final approval has not yet been given by the Utah Permanent Community Impact Board, it appears Price is postured to receive substantial CIB funding for several city projects by next year.
"We applied and it looks good that we will be approved in the final process," said community director Nick Tatton after a Price City Council meeting last Wednesday.
According to the community director, it seems likely Price will be getting CIB funding for the following projects:
A $40,000 grant for the purchase and installation of an emergency generator at the Price City Water Treatment Plant.
A $40,000 grant for the completion of ADA (American Disabilities Act) access improvements to buildings and travel ways throughout the town.
A $75,000 grant for the demolition of the old Central School that now houses the offices of Carbon County Recreation, the Carbon Chamber of Commerce, the county's office of economic development, the Carbon County Travel Bureau and others.
The majority of the operations are getting ready to relocate to either the old police station (just across the parking lot) or to other locations so the demolition can take place.
The old Central School location may be where the College of Eastern Utah Pre-historic Museum expands their facility.
Finally the city secured a $105,000 grant and a $75,000 zero percent interest loan for the purchase of a new brush fire truck.
The Utah Permanent Community Impact Fund Board provides loans and /or grants to state agencies and subdivisions of the state which are or may be socially or economically impacted, directly or indirectly, by mineral resource development on federal lands.
Carbon County falls under the umbrella primarily because of the all the coal and gas development activities in the local area.
Under the Federal Mineral Lease Act of 1920, lease holders on public land make royalty payments to the federal government for the development and production of non-metaliferous minerals.
In Utah, the primary source of the royalties is the commercial production of fossil fuels on federal land held by the United States Forest Service and the U.S. Bureau of Land Management.
According to the community impact board website, since the enactment of the Mineral Lease Act of 1920, a portion of these royalty payments, called mineral lease payments, have been returned to the state in an effort to help mitigate the local impact of energy and mineral developments on federal lands.
The state then allocates the CIB funds with 32.5 percent of the state's federal mineral lease revenues.
The CIB board will only fund applications for financial assistance which are submitted by an eligible applicant for an eligible project.