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Council approves WIFA loan for Old Black Canyon Pipeline project; $5.5 million with 90% principal forgiveness noted
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Summary
Prescott Valley authorized Resolution No. 2026-2449 to accept a WIFA loan of about $5.5 million for the Old Black Canyon Pipeline project to address PFAS issues and interconnect the system; staff said the loan carries 90% principal forgiveness, leaving roughly $551,000 to repay.
The Prescott Valley Town Council unanimously authorized Resolution No. 2026-2449 to proceed with a WIFA loan for the Old Black Canyon Pipeline project, which staff said will improve system resiliency and address PFAS contamination in the lower part of the town’s system.
"This is for a little over $5,500,000 related to making our infrastructure more resilient and reliable for the PFAS issues that we're facing," Mister Wadsworth told the council, adding that the loan includes "90 percent principal forgiveness" so the town's repayment would be approximately $551,000. He also described previously funded ion exchange treatment work at one well and said three wells in the Quailwood system remain out of service.
A council member asked whether PFAS readings were getting better, worse, or staying the same; Wadsworth replied readings were "pretty much staying static" and described ongoing work including ion exchange treatment systems for affected wells. The council moved and approved the resolution by unanimous electronic vote.
Staff said this project is similar to previous WIFA-funded projects and will proceed with execution of loan documents following council authorization.
