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TLDA approves $27 million SRF loan for City of Springfield wastewater plant
Summary
The Tennessee Local Development Authority on Oct. 20 approved a $27 million Clean Water State Revolving Fund loan to help finance a new wastewater treatment plant for the City of Springfield. The 20-year loan carries a 2.93% interest rate and no loan forgiveness; the board voted unanimously.
The Tennessee Local Development Authority on Oct. 20 approved a $27,000,000 Clean Water State Revolving Fund loan to the City of Springfield to help complete a new wastewater treatment plant.
The loan, approved for a 20-year term at a 2.93% interest rate with no loan forgiveness, was recommended by SRF staff after a review of the city’s technical and financial documents. SRF staff said the request, coupled with prior SRF loans for the project, will cover the project’s total cost of $74,000,000.
Ms. Jones,…
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