This project is estimated to cost $16,647,000 (includes slip lining, new main line, Cell #1 solids removal, MBR)
State Revolving Loan Fund Package
Clean Water SRF Loan (2.5% for 30 years) $16,247,000
Principal Forgiveness (max 9.9%) -$1,600,000
Consolidated Grant -$400,000
Loan Balance $14,247,000 for entire package. This funding package requires the City to have a dedicated funding source for the repayment. This is provided by enacting a surcharge.