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Adviser: State funding letters set aside millions for Crockett water and sewer projects
Summary
A financial adviser told the council a Texas Water Development Board funding determination letter has set aside roughly $7.3 million in grant funding and a $3 million 0%-interest loan toward a roughly $11.2 million sewer project, and about $1 million in grant funds toward a ~$4 million water project; adviser emphasized the notices are not final awards.
City financial adviser Ben Rosenberg (US Capital Advisors) told the council the Texas Water Development Board has issued funding determination letters that effectively reserve funds for two city projects. Rosenberg said the sewer (clean water) project totals about $11.2 million, with approximately $7.3 million in grant money, a $3 million 0%…
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