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Seaford holds first-round public hearings on SRF-funded sewer relocation and Nylon well project
Summary
City staff presented first-leg public hearings on three SRF-funded projects: Martin Farms Phase 2 sewer ($2.07M loan at 2% with partial forgiveness) and water ($1.25M with ~$388,902 principal forgiveness), and a $2.7M Nylon well project with 100% principal forgiveness; council questions focused on timing, aquifer safety, PFAS and radium risks.
City staff presented first-leg public hearings on Nov. 25 for several State Revolving Fund (SRF)–eligible water and sewer projects, outlining loan terms, principal forgiveness and projected schedules but taking no final votes. Director Mears described the Martin Farms sewer relocation Phase 2 as a $2,070,000 SRF loan with a 20-year term at 2% interest; the related Phase 2 water portion was listed at $1,250,000 with state principal forgiveness of roughly $388,902 and an approximate remaining balance of $861,098 to be amortized over 20 years. Mears said the state issued a binding commitment letter that requires loan closing within 120 days…
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