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Freeport council authorizes staff to pursue USDA loan to accelerate new sewer plant
Summary
The City Council authorized the city manager to prepare and submit a USDA loan application for a proposed sewer plant, citing long-term, low-interest loan terms that could speed construction and reduce reliance on private financing.
The City of Freeport City Council voted to authorize the city manager to prepare and the mayor to execute loan documents to pursue a U.S. Department of Agriculture loan for a proposed new sewer plant.
City manager (Speaker 5) told the council that USDA representatives had offered application materials after a recent meeting and that pursuing USDA financing could accelerate the project. "We need about 75,000,000 for another sewer plant," the city manager said, noting the agency's…
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