Council authorizes a $12.5 million TWDB loan application to replace Lift Station 32
The council voted 5-0 (Resolution No. 08-22-17) to apply to the Texas Water Development Board's Clean Water State Revolving Fund for an additional $12,500,000 to replace Lift Station 32 on Osage Street. A June 2018 City memo says TWDB approved the $12,500,000 loan commitment on March 6, 2018.[1][2][3]
On August 22, 2017 the council voted 5-0 to approve submitting a TWDB Clean Water State Revolving Fund loan application for an additional $12,500,000 to replace Lift Station 32; the item said $2,615,473 remained available for construction from earlier TWDB project[1][2]
Loan application
$12,500,000
Prior funds available
$2,615,473
✓ Verified
A City finance memo for the June 19, 2018 council meeting said the City had received a $12,500,000 loan commitment from TWDB's Clean Water State Revolving Fund, approved March 6, 2018, to finance Lift Station 32 construction through Waterworks and Sewer System Revenue Bonds, New Series 2018A.[3]