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Board approves seeking SRF eligibility for proposed $20 million water treatment plant; staff warns of rate impact
Summary
Board authorized staff to seek eligibility for SRF financing for a proposed 3–5 million gallon water treatment plant with a preliminary cost estimate of $20,000,000; worst‑case borrowing could increase rates by roughly $27.70 per customer per month, staff said.
The Water and Sewer Board voted Nov. 25 to pursue eligibility for State Revolving Fund (SRF) financing for a proposed new water treatment plant, with staff cautioning the board about potential long‑term rate impacts.
Staff described the project as a 3–5 million gallon plant currently in design with an estimated total cost of about $20,000,000 while design continues. Staff…
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