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Alamo wins $9.2M water project forgiveness; officials say city will get a 'brand new water plant'
Summary
City staff announced Texas Water Development Board approval of a $9.2 million loan with 70% forgiveness — approximately $6.5 million forgiven — leaving the city responsible for about $2.8 million and enabling major water-plant upgrades.
City staff reported that the city's $9.2 million water project loan received the maximum 70% forgiveness under a Texas Water Development Board program, which staff said reduces the city’s repayment responsibility to roughly $2.8 million and results in approximately $6.5 million in forgiven debt.
Officials framed the outcome as enabling a significant upgrade to local water infrastructure. One speaker summarized the impact: "we got forgiven, like, $6,500,000 of loan forgiveness," and staff said the projects will "give us a a new water plant," indicating the upgrades are intended to replace outdated facilities and improve service capacity.
