Tuesday, January 26, 2010

CITY RECIEVES $666K EPA LOAN AND STIMULUS FUNDS

Mayor Tim Davlin and City Water, Light and Power General Manager Todd Renfrow announced Monday the City’s acceptance of $666,000 in stimulus funds and an Illinois Environmental Protection Agency (IEPA) zero interest loan for a water meter replacement and upgrade project. Funding was made possible through the American Recovery and Reinvestment Act (ARRA) and the IEPA’s Public Water Supply Revolving Loan Program. Seventy-five percent of the project funding comes in the form of zero interest loans from the IEPA and ARRA funds, while 25 percent of the funding is from ARRA funds in the form of principal forgiveness, in essence a $167,000 grant.

The project will procure the materials and installation for approximately 215 new Automated Read Capable Meters to replace aging three- to eight-inch meters in the system. These new meters will more accurately record water usage and the auto read capabilities should result in the reduced potential for injury to meter readers given their location in large vaults and remote locations.

Earlier this month, the City accepted $4.6 million in ARRA funds and zero-interest EPA loans for CWLP’s chemical storage and chemical feed facilities at the Water Plant.

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