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Greenfield Council OKs $111.3 million financing package for wastewater plant, including $75 million grant
Summary
The City of Greenfield approved an installment-sale agreement with the State Water Resources Control Board to rebuild its wastewater treatment plant with $111.3 million in financing — $75 million in principal forgiveness and a $36.3 million low-interest loan — to be repaid from the wastewater enterprise fund; construction planning and cash‑flow steps began immediately.
The City Council on April 14 authorized an installment-sale agreement with the State Water Resources Control Board to finance a new wastewater treatment plant totaling $111.3 million, city staff said.
The financing package includes $75 million in principal forgiveness — effectively a grant — and a $36.3 million low-interest loan from the state revolving fund that staff said carries an estimated rate of about 2.2 percent. The loan will be repaid from the wastewater enterprise fund over a 30-year term, with repayments expected to begin in 2031, according to staff presentation.
Why it matters: city staff and council described the work as critical to replace aging infrastructure, increase treatment…
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