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Commission gives first reading to $6.955 million KDHE loan to replace lead and galvanized service lines
Summary
The City of Coffeyville approved first reading of an ordinance authorizing a Kansas Public Water Supply Loan Fund loan to replace lead and galvanized service lines; the loan includes principal forgiveness for disadvantaged communities.
The Coffeyville City Commission on April 22 approved the first reading of Ordinance S-25-04, authorizing execution of a loan agreement with the Kansas Department of Health and Environment (KDHE) under the Kansas Public Water Supply Loan Fund to replace lead and galvanized service lines within the city.
Martin Cummings, director of finance, told the commission the city was approved for a $6,955,000 loan with $3,616,000 in principal forgiveness because Coffeyville qualifies as a disadvantaged community. "This forgiveness represents approximately 52% of the project principal," Cummings said, and staff estimated the net loan cost to the city at about…
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