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Council authorizes $3 million DWSRF lead-service replacement; city to repay roughly $1.5 million over 20 years
Summary
Coldwater approved Resolution 2634 to begin bonding for a $3 million Drinking Water State Revolving Fund (DWSRF) project to replace lead service lines. Staff said the state will forgive roughly 50% ($1.5 million); the remainder will be debt on the city water fund repaid over 20 years.
The Coldwater City Council on April 13 approved a resolution authorizing the issuance of bonds to support a $3 million Drinking Water State Revolving Fund project that will fund lead service line replacements across the city.
Finance director Tim Eldridge and city staff said the DWSRF application covers lead service line removal and related work. "This is…
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