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City staff outline State Revolving Fund loan plan to finance stormwater repairs; estimated $8 per household/year impact
Summary
Finance and public works staff told council the city will submit a pre-application to Colorado's State Revolving Fund in January to target short-term stormwater repairs (about $3 million). Staff estimated a ballpark residential impact of roughly $8 per household per year and said larger projects could follow after a utility rate study.
Littleton — City staff briefed the City Council on Dec. 16 about plans to apply to Colorado’s State Revolving Fund (SRF) for low-interest loans to finance stormwater infrastructure repairs.
Finance Director Lori Mata described two SRF tracks: direct loans under $3 million (available year-round, historically favorable interest rates cited at about 3.225% for 20 years and 3.5% for 30 years) and leverage loans above $3 million (two application cycles per year). Mata said Littleton’s SRF cap is…
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