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Washington council accepts $6.15 million state loan to rehabilitate water treatment plant; county to cover sizable share
Summary
The Washington City Council adopted a resolution to accept a $6,154,000 State Revolving Fund loan to rehabilitate the city's water treatment plant; City Manager Jonathan Russell said Beaufort County is expected to assume about $3.5 million of the loan and the city's share would cost roughly $240,000 per year in repayment.
The Washington City Council on Oct. 9 adopted a resolution authorizing Mayor Donald Sadler to accept a $6,154,000 State Revolving Fund (SRF) loan offer from the State Water Infrastructure Authority to rehabilitate the city——s water treatment plant. City Manager Jonathan Russell said the loan comes repayable at 1.76% interest with a 2% loan fee.
Russell told the council that some of the plant——s filtration systems are nearing the end of their useful life…
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