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Snoqualmie approves $6.8 million low‑interest loan for reclaimed water system improvements
Summary
The City Council approved a resolution accepting a low‑interest loan from the Washington State Clean Water State Revolving Fund to finance upgrades to the city's reclaimed water distribution system.
The Snoqualmie City Council on Feb. 10 approved a resolution accepting a $6,800,000 low‑interest loan from the Washington State Clean Water State Revolving Fund to finance reclaimed water distribution system improvements.
The loan, described by project engineer Andrew Vining as a "$6,800,000 loan'...1.6 interest rate," is intended to help fund upgrades to an aging reclaimed water system and to limit upward pressure on utility rates during construction.
Councilor Vinson introduced the agenda bill and moved approval of Resolution…
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