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TLDA approves $3.69 million in Clean Water loans for Munford and Carthage
Summary
At its Feb. 13 meeting, the Tennessee Local Development Authority approved two Clean Water State Revolving Fund loans: $994,097 to Munford for wastewater pump replacement and $2.7 million to Carthage for sewer rehabilitation, including $540,000 in principal forgiveness.
The Tennessee Local Development Authority approved two Clean Water State Revolving Fund loans totaling $3,694,097 at its Feb. 13, 2025 meeting.
Paula Mitchell, deputy director for the Division of Water Resources, told the authority the Clean Water SRF unobligated balance as of Dec. 16, 2024, was $249,119,358 and that approving the two loans would reduce the available balance to $245,425,261.
Mitchell presented the first loan request for the city of Munford: a $994,097, 20-year loan to fund wastewater treatment plant improvements, primarily replacing existing influent pumps with above-ground suction lift pumps. Munford’s…
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