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Benton City approves sewer construction funding package: $1.44 million loan, roughly $220,000 grant
Benton City Council · January 21, 2026
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Summary
Council approved a construction funding agreement providing a $1,443,348 loan (1.7% for 20 years) and about $220,000 in grants for sewer system repairs; council discussed budgeting assumptions, term length and the absence of prepayment penalties.
Benton City Council approved a construction funding agreement with the Washington State Public Works Board to support sewer system repairs and upgrades.
Staff told the council the funding package includes a loan of $1,443,348 at an interest rate of 1.7% amortized over 20 years, plus…
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