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Seaford council approves state SRF principal‑forgiveness offer for Martin Farms water relocation
Summary
The council unanimously approved a Delaware Drinking Water State Revolving Fund binding commitment offering $962,400 in principal forgiveness for the Martin Farms water relocation phase 1 project, a 20‑year term that will be forgiven if the project is completed.
The Seaford Mayor and Council on Feb. 18 approved a Delaware Drinking Water State Revolving Fund binding commitment letter offering the city a $962,400 loan for the Martin Farms water relocation project, phase 1, with a 20‑year term; city staff said the entire principal will be forgiven on successful completion of the project.
City Manager Charles Anderson and staff told the council the offer comes from the Delaware state revolving fund (Drinking Water…
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