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Miami County moves to sign KDHE revolving loan as construction financing for Bucyrus sewer project
Summary
County staff recommended the chairman sign a $1.42 million Kansas Department of Health and Environment (KDHE) revolving loan as construction financing for the Bucyrus sewer-line project; staff outlined $3.8 million estimated project cost, roughly $852,000 of forgivable KDHE funds, remaining gap and tight USDA and CDBG timelines.
Miami County staff told commissioners they have received a bond counsel opinion and a draft loan agreement for a $1,420,000 construction loan through the Kansas Department of Health and Environment’s revolving fund to support the Bucyrus sewer-line project.
County staff said the loan will serve as construction financing; KDHE estimates roughly $852,000 of that loan will be forgiven. The project’s total estimated cost is about $3.8 million, funded by…
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