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Sarpy County wastewater agency reports smaller WIFIA draw, seeks loan modification and Gretna service agreement changes
Summary
Dan Hoynes, administrator for the Sarpy County and Cities Wastewater Agency, told the Sarpy County Board of Commissioners on Sept. 16 that WIFIA has accepted requested documentation for a loan modification that would include decommissioning and design costs and that the agency now projects using about $33 million of a previously authorized $45 million loan.
Dan Hoynes, administrator for the Sarpy County and Cities Wastewater Agency, told the Sarpy County Board of Commissioners on Sept. 16 that the agency has completed the documentation WIFIA requested for a loan modification and expects the federal loan program to accept a scope change that would add specific decommissioning and design costs.
“The good news is WIFIA has accepted all of the documentation that they'd requested from us to do the scope change,” Hoynes said. He named three specific inclusions: the Springfield decommissioning cost, the SARPE decommissioning cost, and use of WIFIA funds “for design and permitting for phase 1B and 2.”
Hoynes said the agency’s latest projection reduces the expected draw on a previously authorized $45 million WIFIA loan to about $33 million. He said that smaller draw would lower the agency’s State Revolving Fund (SRF) reserve requirement by roughly $1.5 million compared with the full $45 million draw.
“At the end of the day, that would require…
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