Hamilton County gets nearly $27 million dollar in loans to impro - WRCBtv.com | Chattanooga News, Weather & Sports

Hamilton County gets nearly $27 million dollar in loans to improve waste water treatment

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Nearly $35 million in low-interest loans for water and wastewater infrastructure improvements were announced in a state-wide effort by Tennessee Gov. Bill Haslam and Tennessee Department of Environment and Conservation (TDEC) Commissioner Bob Martineau.

Hamilton County gets $26.9 million to improve the Moccasin Bend Wastewater Treatment Plant and other water projects. The city of Cleveland will receive $430,000 for drinking water improvements, according to a news release.

“The State Revolving Fund Loan Program provides support for infrastructure needs in communities across the state, which leads to cleaner water and a better quality of life,” said Haslam.

Three wastewater loans were announced for the following recipients:

  • City of Chattanooga (Hamilton County) – The City of Chattanooga will receive $1,000,000 for a Moccasin Bend Wastewater Treatment Plant Improvements project. The project will be funded with a 20-year, $900,000 loan with an interest rate of 1.53 percent and $100,000 in principal forgiveness that will not have to be repaid.
  • City of Fayetteville (Lincoln County) – The City of Fayetteville will receive $1,000,000 for a city wide I/I Correction project. The project will be funded with a 20-year, $900,000 loan with an interest rate of 1.31 percent and $100,000 in principal forgiveness that will not have to be repaid.
  • City of Lenoir City (Loudon County) – The City of Lenoir City will receive $1,300,000 for an I/I Correction and Collection System Rehabilitation project. The project will be funded with a 20-year, $1,105,000 loan with an interest rate of 1.24 percent and $195,000 in principal forgiveness that will not have to be repaid.

Seven traditional wastewater loans were announced for the following recipients:

  • City of Chattanooga (Hamilton County) – The City of Chattanooga will also receive $17,100,000 for the Moccasin Bend Wastewater Treatment Plant Improvements project. The project will be funded with a 20-year, $17,100,000 loan with an interest rate of 1.53 percent.
  • City of Fayetteville (Lincoln County) – The City of Fayetteville will also receive $3,000,000 for a City wide I/I Correction project. The project will be funded with a 20-year, $3,000,000 loan with an interest rate of 1.31 percent.
  • Hamilton County Water and Wastewater Treatment Authority (Hamilton County) – The Hamilton County WWTA will receive $7,310,000 for the East Ridge Sewer Basin I/I Correction Project. The project will be funded with a 20-year, $7,310,000 loan with an interest rate of 1.74 percent.
  • Hamilton County WWTA (Hamilton County) – The Hamilton County WWTA will also receive a $1,560,000 planning and design loan relative to Sanitary Sewer Evaluation Survey and I/I Correction in Signal Mountain, Red Bank, Lookout Mountain, East Ridge, and unincorporated Hamilton County areas. The project will be funded with a 5-year, $1,560,000 loan with an interest rate of 0.82 percent.
  • City of Humboldt (Gibson County) – The City of Humboldt will receive $540,000 for Wastewater Treatment Plant Renovations and Improvements planning and design loan. The project will be funded with a 5-year, $540,000 loan with an interest rate of 0.29 percent
  • Town of Oliver Springs (Anderson, Roane and Morgan Counties) – The Town of Oliver Springs will receive $185,000 for a Wastewater Treatment Plant Improvements project. The project will be funded with a 20-year, $185,000 loan with an interest rate of 0.61 percent.
  • City of Westmoreland (Sumner County) – The City of Westmoreland will receive a $210,000 planning and design loan relative to Wastewater Treatment Plant Improvements. The project will be funded with a 5-year, $210,000 loan with an interest rate of 0.11 percent.

A drinking water loan was announced for the following cities:

  • Town of Brighton (Tipton County) – The Town of Brighton will receive $698,400 for Water Main Replacements project. The project will be funded with a 20-year, $558,720 loan with an interest rate of 0.39 percent and $139,680 in principal forgiveness that will not have to be repaid.
  • Two traditional drinking water loans were announced for the following recipients:
  • City of Cleveland (Bradley County) – The City of Cleveland will receive $430,000 for a Water Distribution System Improvements project, including a drinking water storage tank and pump station. The project will be funded with a 20-year, $430,000 loan with an interest rate of 1.31 percent.
  • Town of Parsons (Decatur County) – The Town of Parsons will receive $587,000 for a Water Treatment Plant Improvements project including additional flocculation and sedimentation basins as well as modifications to the disinfection treatment processes. The project will be funded with a 20-year, $587,000 loan with an interest rate of 0.82 percent.
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