Babaamaajimowinan (Telling of news in different places)

PFA Approves over $31.47 Million in Funds

Funding will support projects in Western Lake Superior Sanitary District and Carlton

ST. PAUL – The Public Facilities Authority (PFA) approved $31.47 million in grants and loans for water infrastructure projects in the Western Lake Superior Sanitary District and in the City of Carlton.

“Communities across Minnesota face serious water-quality challenges,” said Governor Mark Dayton. “This funding supports improvements that will give residents of the Western Lake Superior Sanitary District and Carlton access to the safe drinking water they deserve.”

“These projects represent a significant investment in the health and safety of water throughout Minnesota,” said Shawntera Hardy, commissioner of Minnesota Department of Employment and Economic Development (DEED) and chair of the PFA board. “PFA programs are critical tools for communities working to update their infrastructure while helping residents and local businesses.”

The following is a description and funding summary for each project:

Carlton $5.87 million

The City of Carlton received a $2,175,099 loan from the Drinking Water Revolving Fund(DWRF). The 30-year 1 percent interest loan will save an estimated $753,364 over a traditional loan. The rest of the funding will come in the form of a $3,697,782 grant from the Water Infrastructure Fund (WIF). With these funds Carlton will construct a new drinking water treatment plant, a new well and the related water transmission lines.

Western Lake Superior Sanitary District $25.60 million

The Western Lake Superior Sanitary District had several different projects funded totaling more than $25.60 million. Each project and its individual funding sources is listed below:

• Main Switchgear Replacement $3.92 million

This project involves the replacement of the wastewater treatment plant’s main switchgear. $1,907,254 will come in the form of a loan from the Clean Water Revolving Fund. The 1.233 percent 15-year-loan is estimated to save $236,020 as opposed to the cost of a traditional loan. Another $635,751 will come in the form of a Clean Water Revolving Fund green infrastructure principal forgiveness grant and the final $1,381,385 will come in the form of a Water Infrastructure Fund grant.

• Oxygen Supply and Improvements $16.17 million

This project consists of improvements to the wastewater treatment plant’s oxygen system. $15,309,936 will come from a 15-year Clean Water Revolving Fund loan. The 1.233 percent loan will save an estimated $1,893,467 over the cost of a traditional loan. The rest will come from an $865,936 Clean Water Revolving Fund green infrastructure principal forgiveness grant.

• Screw Pump Improvements Phase Two $708,870

This is phase two of the treatment plant screw pump improvements. The funding for this project will come from a $708,870 15-year-loan from the Clean Water Revolving Fund. The 1.245 percent loan is estimated to save $87,621 compared to the cost of a traditional loan.

• Scanlon Interceptor $2.44 million

This project will rehabilitate the fiberglass pipe on the Scanlon interceptor. Funding for this project comes from the Clean Water Revolving Fund in the form of a $2,448,277 15-year-loan. The 1.245 percent loan is expected to save $289,541 compared to the cost of a traditional loan.

• Miscellaneous Interceptor Rehabilitation Phase One $2.34 million

This project is phase one of the rehabilitation of other various interceptors. Funding for this project comes from a Clean Water Revolving Fund loan of $2,343,195. The 15-year-loan at 1.245 percent is expected to save $303,006 when compared to the cost of a traditional loan.

The Minnesota Public Facilities Authority provides financing and technical assistance to help communities build and maintain infrastructure that protects public health and the environment and promotes economic growth. Since its inception in 1987 the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota. Read more at the PFA website.

 

Reader Comments(0)

 
 
Rendered 03/25/2024 22:10