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Commission approves up to $54 million SRF loan form for Sono Valley ozonation project
Summary
The commission authorized the form of an installment sale agreement for a Drinking Water State Revolving Fund loan of up to $54 million for the Sono Valley Water Treatment Plant ozonation project; staff said the loan is expected at ~1.9% interest with a 30-year term and is a partial financing of an estimated $326 million project.
San Francisco — The SFPUC approved the form of an installment sale agreement to secure Drinking Water State Revolving Fund (SRF) financing of up to $54 million for the Sono Valley Water Treatment Plant ozonation project.
Alexandra Genell, Loans and Grants Director, said the SRF program offers low-cost financing administered in California by the State Water Resources Control Board.…
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