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The Journal Gazette

Thursday, December 14, 2017 11:51 am

Verbatim: The City of Warsaw Closes State Revolving Fund Loan

Makes it possible to complete needed improvements to District’s sanitary sewer system.

The following was released on Thurs., Dec. 14, 2017 by the city of Warsaw:

INDIANAPOLIS, December 2017 – The City of Warsaw closed a low-interest loan, in the amount of $9,463,000, through the Indiana Finance Authority’s Clean Water State Revolving Fund Loan Program to finance improvements to the District’s wastewater treatment system. By utilizing the SRF Loan Program instead of securing a traditional loan, Warsaw will save approximately $3,865,000 dollars over the life of the loan. 

The SRF Loan Program is administered by the Indiana Finance Authority with joint funding from the U.S. Environmental Protection Agency and the State of Indiana.  The project will make improvements to the Warsaw sanitary sewer system to reduce inflow and infiltration.  The project will allow Warsaw to reduce treatment costs, continue to meet environmental permit limits and further protect water quality and public health for residents and businesses in the City’s service area. 

SRF Loan Programs operate in all States to provide the resources necessary to maintain and improve the infrastructure that protects our valuable water resources.  Communities can get more information about obtaining an SRF loan by contacting Stephanie McFarland at (317) 709-8728, smcfarland@mcfarlandpr.com, or by visiting www.srf.in.gov.