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Utilities board approves amendment to SRF leveraged loan to add valves, priority line work
Summary
The board approved an amendment to a $23 million State Revolving Fund leveraged loan to add insertion valves in the distribution system and to fund priority water line replacements after refined lead-service-line estimates lowered overall program costs.
The Englewood Utilities Board voted unanimously to approve an amendment to its State Revolving Fund (SRF) leveraged water loan, adding funds for insertion valves and several priority distribution-line replacements.
The change comes after city utilities staff refined the inventory of lead service lines and revised the projected program cost. "Since we've been refining the various zones... we believe that that program cost will actually be around $30,000,000," Sarah, Utilities staff, told the board, citing a lower estimate that leaves roughly $10 million available to invest in the…
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