Symonds and Krause Regulated Drain
This regulated drain serves as a primary stormwater drainage outlet for the East side of the Town of Sheridan, Indiana. Banning Engineering’s efforts involved addressing existing flooding and ponding challenges with added conveyance. The additional discharge was offset with regional detention, as well as providing an upgraded stormwater detention facility for the community’s high school campus. This ensures the challenges will not migrate downstream and adversely affect other community residents.
Banning was able to help find financial assistance for the project by exhausting contacts with state and federal agencies. This project is highlighted by a first of its kind, Stormwater Capacity Fee loan through the United States Department of Agriculture, Rural Development. This loan enabled the Town of Sheridan to finance the needed project under a 40-year low-interest loan. This loan allowed the town to maintain cash flow while completing the necessary work. Normal 20-year bonds would have been financially detrimental to the project.