Photo by David Rauzi
As of Tuesday, March 6, 2018
WHITE BIRD White Bird wastewater system improvements will be funded through a $1.5 million low-interest construction loan, awarded last week from the Idaho Department of Environmental Quality (DEQ).
Funding will be used for influent pump station rehabilitation; influent flow monitoring and screening; lagoons 1 and 2 lining, diffuser, and blower installation; lagoon 3 abandonment and sludge disposal; filter media replacement; disinfection system improvements; and backup generator installation.
DEQ is authorized by state law to make loans to assist in the construction of public wastewater systems. Since the annual cost of wastewater service for residential customers exceeds 1.5 percent of the median household income, the City of White Bird is able to qualify for a disadvantaged loan.
The loan from DEQ’s State Revolving Loan Fund, which is capitalized annually by grants from the Environmental Protection Agency, carries a simple 1.75 percent interest rate, is payable during a 30-year period, and has $1,245,500 of principal forgiveness.
The favorable loan terms represent a $2,158,514 savings to the community when compared to average costs for municipal general obligation debt issuances.