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Gressel Drive Water Loop Project sees EPA loan for funding PDF Print E-mail
Thursday, August 15, 2013 12:00 AM

BY NANCY SPENCER and

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DELPHOS — The City of Delphos has received a low-interest loan from the Ohio Environmental Protection Agency’s Water Supply Revolving Loan Account for the Gressel Drive Water Loop Project.

The city received $60,257 at approximately 2.3-percent interest toward the project.

The city plans to install approximately 1,000 feet of 12-inch diameter water line between the north end of existing lines in Gressel Drive and Marsh Avenue.

According to Safety Service Director Greg Berquist, the loop will provide a higher quality of water to businesses and residents along the water main.

“Right now, the lines on Gressel and Marsh are dead ends and that affects the quality of the water as well as our ability to provide fire service to those areas,” Berquist said.

Fenton Contracting LLC of Fort Jennings was the lowest bidder for the construction portion of the project and have already had a pre-construction meeting with Berquist and others involved in the project.

Berquist estimated the project, once started in a week or two, will take three to four weeks to complete.

“The majority of the line will be laid in the field west of Gressel Drive so it will go pretty quickly,” he added.

Ohio’s Water Supply Revolving Loan Account (WSRLA) provides loans at interest rates below market rate. Over the 20-year life of the loan, the city will save an estimated $17,300 when compared to the market rate.

Started in 1998, the Ohio Water Supply Revolving Loan Account has provided more than $900 million in loans with below-market interest rates for compliance-related improvements to public water systems. The program has saved public water systems more than $158 million in interest. Additionally, the WSRLA can provide technical assistance to public water systems in a variety of areas from the planning, design and construction of improvements to enhancing the technical, managerial and financial capacity of these systems.

 

 

Comments  

 
0 #1 2013-08-19 14:11
There needs to be more loans set up in the format for water improvements and systems. Many of the water filtration plants operating right now are out of date, and the money isn't available to do the upgrades. Having a system like this set up would allow the many cities that need upgrades to go ahead and do so to put out a better quality of water..
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