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Tennessee Local Development Authority approves $231,000 Clean Water planning loan for Plateau Utility District
Summary
On May 19, 2025, the Tennessee Local Development Authority approved a $231,000 planning and design loan to Plateau Utility District from the Clean Water State Revolving Fund at 1.13% interest, with 50% ($115,500) eligible for loan forgiveness.
On May 19, 2025, the Tennessee Local Development Authority approved a $231,000 planning and design loan to Plateau Utility District from the Clean Water State Revolving Fund at 1.13% interest; 50% of the loan, $115,500, will be forgiven if conditions are met.
The action followed a staff report on the SRF balances. "The unobligated balance as of the last TLDA meeting, was $245,425,261. Cleveland Utility Authorities did, return some money,…
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