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Anderson approves SRF loan to finance water‑system improvements; council cites $209,000 annual debt service
Anderson City Council · August 12, 2025
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Summary
The council adopted the Tenth Supplemental Bond Ordinance (25‑11) to borrow through the South Carolina State Revolving Fund for waterline projects in Wellington Mills and East Market Street; staff said annual debt service is about $209,000 over a 20‑year term at 2.3%.
Anderson City Council voted unanimously to adopt the Tenth Supplemental Bond Ordinance (Ordinance 25‑11) on second and final reading, authorizing borrowing through the South Carolina Drinking Water Revolving Loan / Water Quality Revolving Fund to finance waterline improvements in…
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