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Mount Clemens commissioners rescind $45M plant plan, approve $17M loan to connect to Great Lakes Water Authority
Summary
After learning state and bond advisers said the city could not qualify for funding for a $45 million water-treatment plant, the Mount Clemens City Commission voted to rescind that application and seek a $17 million Drinking Water SRF loan to connect the city to the Great Lakes Water Authority.
The Mount Clemens City Commission voted to withdraw its application for a $45 million Drinking Water State Revolving Fund (DWSRF) loan for a new water-treatment plant and approved applying for a $17 million DWSRF loan to connect the city to the Great Lakes Water Authority.
The decision followed administration briefings and outside advice that the city’s bonding capacity and state guidance made approval of the larger plant unlikely. "We reached back out to Eagle who said it would be very unlikely that we would get funding for that," the city manager said, summarizing written feedback received from state and bond advisers.
Commiss…
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