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Denison secures $16.95M from Texas Water Development Board for water‑loss reduction (about $11.8M grant)
Summary
Public Works reported the city’s multi‑year TWDB application resulted in $16.95 million in water‑system funding—about $11.8 million of it grant money (70% grant, 30% low‑interest loan); final acceptance will be on the next council agenda.
Denison — Public Works staff told the Denison City Council on Dec. 1 that a multi‑year application to the Texas Water Development Board (TWDB) has resulted in an award of $16,950,000 for water‑system improvements focused on reducing water loss.
Ms. Fancher Stearns said the city began the pre‑application in 2023 and submitted a full application in 2024; while the initial program did not fund the project, TWDB invited the city to reapply under the Water Loss Reduction Funding Program. The award combines grant and loan components: Stearns said the package is roughly 70% grant and 30% low‑interest loan, yielding about $11,800,000 in grant funding to the city.
Stearns said the funding will allow Denison to design projects, conduct in‑field investigations to pinpoint areas with the greatest return on investment, and increase the volume of treated water reaching customers. She acknowledged staff and external partners who supported the application, naming Terrace Stewart and Bill Moriarty with RJN Group; financial advisor Marty Shue with Hilltop Securities; bond counsel Greg Schecker with McCall, Parkhurst and Horton; and finance staff Lori Alzebaugh and Amber Pilcher.
Stearns said the final step for the funding award will be on the next council meeting agenda for formal acceptance and any related approvals.
Quote — Fancher Stearns: "After a two‑year application process, the City has secured $16,950,000 in funding for public water system improvements to reduce water loss."
