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Council adopts Drinking Water Revolving Fund loan agreement for new water treatment plant
Summary
Gunnison City Council adopted Ordinance No. 4, Series 2026 on second reading authorizing a Drinking Water Revolving Fund design and engineering loan agreement that staff said functions as a grant with 100% loan forgiveness for design costs tied to a new water treatment plant project.
On June 23 the Gunnison City Council adopted Ordinance No. 4, Series 2026 on second reading, approving a Drinking Water Revolving Fund design and engineering loan agreement with the Colorado Water Resources and Power Development Authority for design work on a proposed new water treatment plant.
Council materials and staff described the financing as a loan instrument that functions like a grant because 100% loan forgiveness will apply to past and future design costs associated with the water system improvements. The project scope discussed included a treatment plant able to treat both surface and groundwater, an intake structure, a pump station, well modifications and distribution system upgrades. Councilor Schwartz introduced the ordinance on second reading and the council adopted it by unanimous roll call vote.
The ordinance authorizes execution of related documents; staff did not discuss a construction timeline or total project cost during the meeting.
