Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Water Infrastructure topic
No spam. Unsubscribe anytime.
Committee authorizes seeking up to $32 million state loan to replace lead service lines
Summary
Charleston’s Ways and Means committee approved an ordinance allowing the city to borrow up to $32 million from the State Drinking Water Revolving Loan Fund to finance water supply and distribution improvements, including replacement of lead service lines.
The Charleston City Committee on Ways and Means on May 12 approved an ordinance authorizing the financing, construction and equipping of certain water supply and distribution facilities through borrowing of up to $32 million from the State Drinking Water Revolving Loan Fund.
A committee member said the loan would help with replacement of lead service lines in the city. City staff and the committee treated the action as a financing authorization to support ongoing water‑system upgrades.
The ordinance was moved, seconded and approved by voice vote. The committee noted representatives from the Charleston water system were present for explanation; the transcript records a staff comment that the funds are intended to assist with lead service line replacement.
Next steps will be formal execution of loan documents and project scheduling by the water system and city finance staff.
