PLEASANT PRAIRIE — The Village Board unanimously approved a resolution Monday night that could net the village $1.8 million in interest-free, tax-credit bonds.

The bonds would be used to pay the costs for going green at the new 50-meter swimming pool addition planned for the RecPlex.

Village Administrator Michael Pollocoff said the bonds are part of federal stimulus funding under the American Recovery and Reinvestment Act. The move allows the village to apply to the Wisconsin Department of Commerce or Kenosha County for an allocation of the tax-credit bonds.

In reply to board member Michael Serpe, who asked whether there was “any chance we’ll not get this,” Pollocoff said no, saying all elements of the application have been reviewed, and the new pool addition, which will be heated and cooled by a geothermal system, “far exceeds” the required 20 percent energy-efficiency standard set for eligibility.

After the meeting, Pollocoff said he “would be surprised if we spent $100,000 out of the $1.8 million” on the preliminary costs. The bulk of the funds would pay for installing and equipping the energy-efficient system, he said.

In February the village borrowed to cover the cost of the addition, which Pollocoff early on estimated would cost $7 million to $8 million. Uline Inc. has committed to reimbursing the village up to $8 million spread over three years for the 50-meter pool addition to the RecPlex.

Uline is building a 280,000-square-foot corporate headquarters and a 1.1-million-square-foot distribution center at Highway Q/165 at the I-94 west frontage road.

The company offered to fund the pool construction under an agreement with the village to fast-track Uline’s corporate development and expand child-care facilities with a pre-school at nearby Prairie Springs Park on Highway 165 east of I-94, where the RecPlex is located.

The $1.8 million sought in reimbursement via the tax-credit, interest-free bonds was added to the initial construction costs for the pool addition after the village opted to go for greater energy efficiency to heat and cool the expanded aquatic center.

“I could do it for less, but then I’m paying increased energy expenses forever. The geothermal system virtually eliminates natural gas for heating, and you don’t need a chiller for cooling. That’s a big impact on the bottom line. And I can do it for no interest (with the tax-credit bonds),” Pollocoff said.