Council OKs application to state drinking‑water loan fund for Raintree Well project
Council authorized staff to complete and submit a Safe Drinking Water Revolving Loan Fund application for the Raintree Well project; staff noted the program offers principal forgiveness (staff said "for every dollar we borrow, 50¢ will be forgiven").
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Council voted unanimously to authorize staff to complete and submit an application to the Business Oregon Safe Drinking Water Revolving Loan Fund to support the Raintree Well project and authorized the mayor to sign the application. Staff described the loan’s principal forgiveness component and said earlier grants and engineering work are underway to complete the project within available timeframes.
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