In a recent government meeting, officials discussed the significant funding opportunities available for the lead service line replacement project in Clarksburg, thanks to federal stimulus programs. Tom Ammon, bond counsel for the project, highlighted the availability of substantial grant money from the Western Union Water Development Authority, which is earmarked for public infrastructure improvements.

The city is poised to benefit from two bond ordinances that encompass three different loan types. The primary financing includes a repayable loan of approximately $26 million at a remarkably low interest rate of 0.5%, with a 40-year repayment term. Additionally, a principal forgiveness loan of about $6.5 million will be forgiven at the end of each fiscal year, effectively discharging the debt once all funds are advanced. Another repayable loan of approximately $6.2 million is also included, with a 0% interest rate and a 30-year repayment term.

The funding sources for the project are substantial, with the U.S. Environmental Protection Agency (EPA) contributing around $6.8 million and the West Virginia Water Development Authority providing $8.5 million in grant funding. This combination of loans and grants positions the city favorably to undertake the extensive lead service line replacement initiative.

The council is currently on the second reading of the bond ordinances, with public hearings scheduled for August 18. The urgency of the project is underscored by state funding agencies, which have indicated that authorization to bid must be secured by August 15 to avoid jeopardizing the funding.

A unique aspect of Clarksburg's water management structure was also discussed. The city's water board, elected by citizens, holds the authority to set water rates and manage construction projects. However, under state law, the city must apply for bonds to finance these projects, creating a collaborative yet complex relationship between the water board and the city council.

As the city moves forward with this critical infrastructure project, officials are optimistic about leveraging the available funding to enhance public health and safety through improved water quality.