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Price City OKs principal-forgiveness loan to replace aging spring water line; staff cites early pipe procurement
Summary
The council approved a principal-forgiveness loan agreement with the Utah Division of Drinking Water to replace the city's spring water transmission line. Staff said early approval will allow purchase of about 7 miles of HDPE pipe while market pricing is favorable.
Price City Council approved a principal-forgiveness loan agreement Jan. 14, 2026, with the Utah Division of Drinking Water to fund replacement of the city's aging spring water transmission line.
City staff described the approved funding package as including a substantial grant component. "When we applied for funding... we received a $15,200,000 funding package," a staff member said, adding that the grant portion would not need to…
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