Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
New Castle County finance committee reviews $17.68 million DWRF loan for Richardson Park sewer work, approves community grants
Summary
The Finance Committee discussed Resolution 25-190 to authorize a Delaware Water Pollution Control Revolving Fund loan of up to $17,679,097 for Richardson Park sewer improvements and approved multiple $2,500 community grants, while debate over a $2,500 Hagley grant drew mixed votes; no final vote on the loan is recorded in the transcript.
The New Castle County Finance Committee on Oct. 28 discussed a proposed finance agreement with the Delaware Water Pollution Control Revolving Fund, introduced as Resolution 25-190, to fund construction of a new Richardson Park sewage pump station and associated gravity sewer and force main work with financing not to exceed $17,679,097.
A council member explained the financing terms: “We pay this as a loan at 2% for the term of 25 years,” and noted the county’s practice of servicing similar DNREC loans with interest paid at the end of the term. Committee discussion during the item summarized the scope…
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
