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Seaford approves $1.535 million SRF binding commitment for Martin Farms sewer relocation Phase 1
Summary
Council approved a DE DNREC State Revolving Fund binding commitment: a $1,535,000 loan at 2% for 20 years (0% interest during construction) to relocate aging sewer mains in the Martin Farms area (Phase 1).
Seaford Mayor and Council unanimously approved a Delaware DNREC State Revolving Fund (SRF) binding commitment on Jan. 14 to finance Phase 1 of the Martin Farms sewer relocation project. The commitment covers a $1,535,000 loan at 2% interest over 20 years; during construction the loan carries 0% interest.
Director of Public Works Tyler Meares presented the project, describing Phase 1 as approximately 1,750 feet of 12-inch gravity sewer main along Locust Street from Nylon to King and associated water-main work.…
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