State approves funding for Eagle Bend water project
The Minnesota Public Facilities Authority approved $2.95 million in state funding for water infrastructure projects in the central Minnesota community of Eagle Bend.
"Aging water and sewer systems throughout Greater Minnesota desperately need updates, especially with new state and federal standards designed to protect our waterways," said Shawntera Hardy, who chairs the Public Facilities Authority board and is commissioner of the Minnesota Department of Employment and Economic Development, in a news release.
The following is a description and summary of state funding for each project:
Eagle Bend, a city of 535 people in Todd County, was approved for an $884,686 grant from the Public Facilities Authority's Water Infrastructure Fund and a $495,843 loan from the Clean Water Revolving Fund for Phase 2 of a sanitary sewer rehabilitation project. The 30-year, 1 percent loan will save taxpayers $153,801 compared with the cost of a conventional loan, the release stated.
The city also was approved for a $1.26 million grant from the Water Infrastructure Fund and a $314,210 loan from the Drinking Water Revolving Fund for the second and third phases of a water main replacement project. The 30-year, 1 percent loan will save taxpayers $96,533 compared with the cost of a conventional loan, according to the Public Facilities Authority.