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New Richmond approves 10‑year lead service line replacement plan with 3% customer financing option
Summary
After an EPA-mandated inventory identified about 100 lead or unknown water service lines, the council approved a 10‑year replacement program whereby the city replaces the public side and homeowners finance the private side with a 10‑year loan at 3% interest, subject to PSC tariff approval.
The New Richmond City Council approved a plan to replace suspected lead service lines across the city over a 10‑year program after staff reported results of an EPA-required inventory.
Staff said the inventory identified a little over 100 known or suspected lead service lines. The proposed program would replace roughly 10 lines per year for 10 years. Under the policy as discussed, the city would pay to replace the service from the water main to the…
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