WASHINGTON, D.C. – September 24, 2015 – (RealEstateRama) — The Village of Cleves will replace two water lines to improve service in the Jackson Street/Hooven Road and East State Road areas. The project is being financed with a low-interest loan from Ohio EPA.
The project also includes extending a new water line along St. Anne’s Avenue. The construction actions will complete an operational water supply loop and eliminate water main breaks in the existing aging and deteriorating water lines. The project will provide customers more reliable and safe water service. The project should be completed by the end of 2015.
Created in 1998, the Water Supply Revolving Loan Account (WSRLA) provides below-market interest rate loans for compliance-related improvements for community water systems and non-profit, non-community public water systems. Cleves is borrowing $814,674. The WSRLA financing will save the village an estimated $169,000 in interest payments compared to a conventional, market-rate loan.
Projects eligible for WSRLA funding include design and construction loans for new, replaced, rehabilitated, upgraded or expanded water treatment plants and their components. In addition, the WSRLA can provide technical assistance to public drinking 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.
Ohio EPA’s revolving loan funds are partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The WSRLA is managed jointly by Ohio EPA’s Division of Environmental and Financial Assistance and Division of Drinking and Ground Waters, with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental and other technical reviews/approvals of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.
More information about the WSRLA is available at: http://epa.ohio.gov/ddagw/financialassistance.aspx#113402734-drinking-water-assistance-fund.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. Since then, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling.
PUBLIC INTEREST CENTER, (614) 644-2160
MEDIA CONTACT: Dina Pierce
CITIZEN CONTACT: Darla Peelle
