Hamilton County gets $6 million loans from TN for wastewater fix - WRCBtv.com | Chattanooga News, Weather & Sports

Hamilton County gets $6 million loans from TN for wastewater fixes

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Tennessee Gov. Bill Haslam and Department of Environment and Conservation Commissioner Bob Martineau announced that five communities, two utility districts and two water/wastewater authorities have been approved to receive more than $15.1 million in low-interest loans for water and wastewater infrastructure improvements around the state.

The State Revolving Fund Loan Program provides low-interest loans that help communities, utility districts, and water and wastewater authorities finance projects to protect the states's ground and surface waters and public health.

Loans can be used to finance the planning, design and construction of water and wastewater facilities.

Traditional Wastewater Loans were announced for:

  • Hamilton County WWTA (Hamilton County) - The Hamilton County WWTA will receive $6 million for a project that includes infiltration and inflow corrections. The project will be funded with a 20-year loan with an interest rate of 1.86 percent.
  • Union City (Obion County) - Union City will receive an increase of $1.4 million to an existing $1.75 million, 20-year loan which brings the total to $3.15 million with an interest rate of 1.17 percent for a project that includes wastewater treatment plant improvements.

Wastewater Loans were announced for:

  • Anderson County Water Authority (Union County) - The Anderson County Water Authority will receive $3,512,571 for the project that includes installation of six sanitary sewer pumping stations and approximately 74,000 linear feet of eight-inch diameter force main. The project will be funded with a 20-year, $2,810,057 loan with an interest rate of 0.70 percent and $702,514 in principal forgiveness that will not have to be repaid.
  • City of Pegram (Cheatham County) - The City of Pegram will receive $449,000 for a project that includes wastewater treatment plant and land application improvements. The project will be funded with a 20-year, $426,550 loan with an interest rate of 0.95 percent and $22,450 in principal forgiveness that will not have to be repaid.

Drinking Water Loans were announced for:

  • Town of Halls (Lauderdale County) - The Town of Halls will receive $723,258 for a project that includes Green-Water meter replacement. The project will be funded with a 20-year, $578,606 loan with an interest rate of 0.64 percent and $144,652 in principal forgiveness that will not have to be repaid.
  • City of Livingston (Overton County) - The City of Livingston will receive $800,000 for a project that includes water treatment improvements. The project will be funded with a 20-year, $520,000 loan with an interest rate of 1.64 percent and $280,000 in principal forgiveness that will not have to be repaid.
  • City of Jellico (Campbell County) - The City of Jellico will receive $750,000 for a project that includes Green-Water line installation. The project will be funded with a 20-year, $600,000 loan with an interest rate of 0.23 percent and $150,000 in principal forgiveness that will not have to be repaid.
  • Poplar Grove Utility District (Tipton County) - The Poplar Grove UD will receive $800,000 for a project that includes Green-Water meter replacement and WTP improvements. The project will be funded with a five-year, $520,000 loan with an interest rate of 0.0 percent and $280,000 in principal forgiveness that will not have to be repaid.
  • 25 Utility District (Smith County) - The 25 UD will receive $522,390 for a project that includes water distribution system improvements. The project will be funded with a 20-year, $417,912 loan with an interest rate of 0.91 percent and $104,478 in principal forgiveness that will not have to be repaid.

Traditional Drinking Water Loan was announced for:
 

  • City of Livingston (Overton County) - The city of Livingston will receive a $200,000, 20-year loan with an interest rate of 1.64 percent for water treatment improvements.
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