The South Dakota Department of Agriculture and Natural Resources (DANR) has announced the approval of nearly $15.9 million in state loans for drinking water and wastewater improvements across the state. The Board of Water and Natural Resources approved these funds, which include $3,464,000 in principal forgiveness. The funds will be managed by DANR through its Drinking Water State Revolving Fund Program and Clean Water State Revolving Fund Program.
Deer Mountain Sanitary received a $450,000 loan to address increased construction costs for projects such as a well house, water treatment building, storage tank, water meters, distribution system replacement, and booster station. The loan terms are set at 3.5% over 30 years.
Henry was awarded a $4,075,000 loan with $3,464,000 in principal forgiveness to replace watermains and install a ground storage tank with a booster pump station. This loan carries terms of 2.75% for 30 years.
Pierre secured a $516,000 loan to design and construct a new landfill cell. This project had previously received funding and the loan terms are 3.25% for 10 years.
Randall Community Water District obtained a $5 million loan to increase capacity for existing customers and supply additional water to Mitchell City by upgrading pipe size from 24 inches to 30 inches. The terms are 3.5% over 30 years.
Rapid City received a $3,932,000 loan for municipal well #4 improvements including constructing a new well house with necessary equipment upgrades. Loan terms are set at 3.5% for 30 years.
Springfield was granted two loans: one for $505,000 to replace pipes and valves along with installing fire hydrants at terms of 3.25% over 30 years; another for $565,000 to replace sanitary sewer lines at terms of 3.75% over the same period.
Webster received an $835,000 loan to reline the sanitary sewer system in their Industrial Park with terms of 3.75% over 30 years.
These programs receive funding from both the State of South Dakota and the U.S. Environmental Protection Agency through federal appropriations, loan repayments, and bonds.
Information from this article can be found here.
