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Council approves OCWD loan for Lampson Well odor treatment system
Summary
The Seal Beach City Council approved a loan agreement with the Orange County Water District to fund a treatment system at the Lampson Well to reduce hydrogen sulfide odors; staff said the loan is roughly $4.45 million with a 20-year term and preliminary interest rates of about 3–4 percent. Council voted 5-0.
Seal Beach City Council on March 10 approved a loan agreement with the Orange County Water District to fund construction of a treatment system at the Lampson Well intended to mitigate nuisance hydrogen sulfide odors.
Director Iris Lee said the loan would spread a one-time capital cost over a 20-year amortization and described the project as “shovel ready.” Lee said, “the loan amount is at an estimated, roughly about 4 and a half million dollars.” She added that repayments would begin one year…
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