Mayor Chris Beutler and the Nebraska Department of Environmental Quality (NDEQ) today signed two loan documents for a total of $10 million that will assist in funding City wastewater improvement projects. The funding consists of a combination of American Recovery and Reinvestment Act (ARRA) funds and Clean Water State Revolving Loan funds (CWSRF) from NDEQ. The two $5 million loans will help fund two City wastewater projects:
In addition to the two major projects, selected infrastructure repair projects also will be funded with the ARRA/CWSRF loans. City funds will be used to supplement the loan funds to complete the projects.
Gary Brandt, Utilities Coordinator for the City Public Works and Utilities Department, said the fact that the projects were designed and ready for construction was a key factor in having them selected for stimulus funds.
City Finance Director Don Herz said the lower interest rates will save the City about $281,000 per year for 20 years.
The continuing effort to provide wastewater service to the Stevens Creek Watershed is important to support future growth and economic development in this area of the City," said Mayor Beutler. "The funds will help us stay on schedule with the Stevens Creek Trunk Sewer and make important upgrades at our treatment plans while minimizing future rate increases.
Mayor Beutler thanked NDEQ Director Mike Linder and his staff as well as the staff at the Wastewater Division of the City Public Works and Utilities Department for their hard work to fund these projects.
For more information on the City's wastewater system and the City's stimulus package, visit the City Web site at lincoln.ne.gov.