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Council approves $1.535M loan for Martin Farms sewer relocation; water portion presented with principal forgiveness
Summary
Council approved a $1,535,000 DWPCRF loan to finance Phase 1 of the Martin Farms sewer relocation and held a public hearing on the water portion of the project, which staff said qualifies for a 100% principal forgiveness loan.
Seaford Mayor and Council approved a $1,535,000 loan from the Delaware Water Pollution Control Revolving Fund to finance Phase 1 of the Martin Farms sewer relocation project and heard a separate public hearing on the water portion of the work.
What the council approved: The resolution authorizes the city to accept a $1,535,000 loan for sewer work that staff said will replace about 1,750 feet of 12‑inch gravity sewer main, 80 feet of 10‑inch gravity main, seven manholes and 36 laterals. Staff said the sewer loan is a 20‑year loan at 2% interest and will be backed by a general obligation bond…
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