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| Municipal Finance News | ||
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Friday October 14, 2005 |
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Superior, MT. -- The Montana
Department of Natural Resources and Conservation (DNRC), Conservation and
Resource Development Division (CARDD), and the Montana Department of
Environmental Quality (DEQ) announced today the completion of the Superior
Water Pollution Control Program loan for $238,000 for 20 years. The
interest rate for the loan is for 2.75%; it has been made available through
the State Revolving Fund (SRF) Loan Program, a federally subsidized loan
program administered by the DNRC and DEQ. Additional funds to complete the
project came from the Montana Department of Commerce, a Community
Development Block Grant for $252,085, and local funds of $136,000. The
project was completed September 20, and came in slightly under the budgeted
amount.
The loan was granted to the Town of Superior to replace all three existing lift stations with new stations utilizing submersible pumps located in a new concrete wetwell. The stations will have new controls and alarm systems. Additionally, disinfection for the system will be provided by an ultraviolet disinfection system located at the existing lagoon system. Scott Anderson, project engineer, of Anderson Montgomery Consulting Engineers, stated that "The project will improve the reliability of the system it will significantly help worker safety and ensure that existing and future regulatory standards are met." The CARDD of the DNRC has been providing low interest loans to cities, towns and water/sewer districts throughout Montana since 1991. Anna Miller, DNRC Financial Advisor, explained that during fiscal year 2005, CARDD financed 17 projects for a total of $16.6 million. "We help entities facilitate the rehabilitation of their existing water or sewer systems in the most cost effective manner so that the end user has the least cost burden," she stated. The DNRC works cooperatively with
the Department of Environmental Quality (DEQ) to ensure that projects meet
state wastewater infrastructure requirements. For more information
regarding the Conservation and Resource Development Division or the State
Revolving Fund Program, contact Anna Miller at (406) 444-6689. Janel Favero, DNRC Public Info.
Officer |
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