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Provo holds public hearing on $4.5 million state loan for wastewater reclamation project
Summary
Provo City held a required public hearing July 22 on issuing $4.5 million in wastewater revenue bonds as part of a state loan to fund the next phase of its reclamation plant; staff said the loan complements a $2.5 million grant and previously issued revenue bonds.
Provo City opened a public hearing July 22 on issuing $4.5 million in wastewater revenue bonds as part of a State Water Quality Board loan to fund the next phase of the city’s reclamation plant.
City Public Works Administration Division Director Jimmy McKnight told the council the funding package for the plant includes a $2.5 million grant and a $4.5 million, 20-year state loan at 0.75% interest; the $4.5 million component requires an…
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