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Commissioners hear financing options for Bucyrus sewer project and small wastewater systems
Summary
Finance director and commissioners discussed the Bucyrus wastewater project, KDHE loan underwriting, external funding sources and the financial limits of small, stand-alone sewer systems for low-population subdivisions.
Miami County commissioners and Finance Director Lucas Mellinger discussed the county's small wastewater systems and the recently completed Bucyrus replacement project, focusing on funding sources, ongoing maintenance and long-term viability.
Mellinger said the Bucyrus project is part of a larger set of small wastewater systems that the county oversees and that permanent financing for the project will depend on total cost minus external funding. "Next week, we'll have the loan agreement" for KDHE financing, he said, and estimated the county's loan portion at roughly $550,000 to $600,000 while placing the full project cost at about $4,400,000.
Why it matters: Mellinger warned that many small-scale sewer systems are not financially sustainable on user fees…
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