Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tennessee Local Development Authority approves four SRF loans totaling $6.994 million
Summary
The Tennessee Local Development Authority voted to approve four State Revolving Fund loans for wastewater and drinking-water projects in Munford, Carthage, McMinnville and Watts Bar Utility District, with principal forgiveness recommended for two projects.
The Tennessee Local Development Authority voted Thursday to approve four State Revolving Fund loans totaling $6,994,097 for wastewater and drinking-water projects in four Tennessee communities.
Paula Mitchell, deputy director for the Division of Water Resources, told the authority the Clean Water State Revolving Fund (CWSRF) unobligated balance as of Dec. 16, 2024, was $249,119,358 and that staff recommended approval of two CWSRF loans totaling $3,694,097. She said the Drinking Water State Revolving Fund (DWSRF) unobligated balance as of Dec. 16, 2024, was $80,046,218 (adjusted to $80,054,918 following an $8,700 return) and that staff recommended two DWSRF loans totaling $6,300,000.
The authority approved the minutes of the Dec. 16, 2024, meeting and then took up the loan items by voice vote; the chair announced the items approved after members answered "aye." No roll-call vote or votes by name were recorded in the transcript.
On the clean-water side, staff recommended:
- A $994,097, 20-year loan to the City of Munford for wastewater treatment-plant…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
