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Council hears state loan approvals near $4.5M for sewer treatment; staff to vet financing options
Summary
Mayor reported ADEM-approved supplemental loan amounts of roughly $3.24M and $1.24M (about $4.5M total) for sewer treatment improvements; council asked staff to evaluate financing and cash-flow options, including a proposal from Frasier Laneir to adjust debt-service and reserves.
The mayor informed the Columbiana City Council that the Alabama Department of Environmental Management (ADEM) approved two supplemental loan amounts for the city's sewer treatment work totaling just under $4.5 million (approximately $3,239,000 and $1,236,000). The mayor said he had requested $5 million and that the state awards came from separate funding buckets (he cited ARPA and BIL as likely…
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