Staff outlines grants and SRF loans for water, wastewater and sidewalks projects
Summary
Staff summarized multiple grants and loans in the pipeline, including a resilient‑communities grant (no match), DWSRF low‑interest loans for an emergency generator and new well (match $280,000), a clean‑water SRF award with $3 million in assistance and $1.4 million in principal forgiveness for wastewater‑plant relocation, and a flood infrastructure loan where the EDC will share half the principal.
City staff walked council through a packet listing active grants and state revolving‑fund loans that underpin several capital projects planned or underway.
Key items included a resilient‑communities grant that required no local match; a drinking‑water SRF low‑interest loan used for an emergency generator and a new Middle Trinity well (the city secured a low‑interest loan as a $280,000 match); and a clean‑water SRF award used for relocating the wastewater plant, described as $3 million in assistance with $1.4 million in principal forgiveness. Staff also noted a flood‑infrastructure loan with a 30‑year repayment plan in which the EDC has agreed to split the principal roughly in half with the city. Several projects are pending environmental reviews or EDC decisions; staff said they would update the packet for online publication and provide clarifying acronyms and match requirements in the materials that will accompany the final budget packet.
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