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Council authorizes up to $50 million SRF loan for Alvarado trunk sewer; construction expected 2026–2029
Summary
Council authorized the mayor to pursue a Clean Water State Revolving Fund loan up to $50 million for the Alvarado Trunk Sewer Phase 4 Package A, with an estimated interest rate of 2.2% and a 30‑year repayment schedule; staff indicated construction would begin in late FY2026 or FY2027.
The San Diego City Council on Feb. 10 authorized the mayor to pursue a Clean Water State Revolving Fund (SRF) loan of up to $50,000,000 for the Alvarado Trunk Sewer Phase 4, Package A project.
Kevin Warner of the Department of Finance explained the SRF offers low‑cost financing administered by the State Water Resources Control Board. Under the presentation, the loan would…
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