Press Release - Friday, June 04, 1999
Press Releases
No Data
Ryan Announces More Than $9.5 Million In Low-Interest Water Supply And Sewage Treatment Loans
SPRINGFIELD - Governor George H. Ryan today announced more than $9.51 million in loans from the Water Revolving and Wastewater Loan Revolving Funds to help eight communities upgrade their water treatment and distribution systems, and sewage treatment facilities.
"Safe and abundant water supplies and modern sewage treatment systems are vital to the quality of life of our citizens," Ryan said. "These loans will allow communities with inadequate water and sewage facilities to make neeeded upgrades."
Loans have been approved for Alton, Cahokia, Decatur, East Peoria, Fairfield, Golconda, Jewett, and Rushville.
These loans, being funded through the two loan funds managed by the Illinois Environmental Protection Agency, represent the kinds of projects which will be funded as a result of Governor Ryan securing full funding for this program though fiscal year 2004, said Illinois EPA Director Thomas Skinner.
The two programs offer low interest loans to help drinking water and wastewater operations come into or stay in compliance with state and federal standards. The wastewater revolving loan program, established first, made its initial loan late in 1989. A comparable program to aid drinking water facilities was made possible when the federal Safe Drinking Water Act was reauthorized in 1996.
To date, the joint Illinois programs have loaned more than $959 million to Illinois communities to protect public health and the environment through upgraded drinking water and wastewater treatment facilities. The current interest rate on these loans is 2.625 percent.
The Illinois FIRST program will make a projected $199 million available for low interest drinking water projects, and an expected $468 million available for wastewater projects.
A list of the approved loans is attached.
Loan Recipients
Alton (Madison County) $1,448,881 for improvements at the Alton wastewater treatment plant, specifically to provide screens and grit removal facilities reducing damage and wear for the rest of the treatment process.
Decatur Sanitary District (Macon County) $1,652,958 for construction of the Hickory Point West interceptor sewer and associated collector sewers for the Hickory Point Mall area, to provide sewer service to residential development in the area southwest of the Mall.
Golconda (Pope County) $116,271 to replace the village's water mains and rehabilitate the community's elevated water storage tanks, to improve water pressure in the system and provide long term protection of the water supply.
Fairfield (Wayne County) $990,986 for construction of water mains, a water booster pump station and a new 300,000 gallon elevated storage tank to provide increased water pressure in the city's north service area and permit Fairfield to sell water to the Jasper Water Works Corp. to provide water service to rural areas north and east of Fairfield.
East Peoria (Tazewell County) $813,000 for improvements to the city's water treatment plant including new filters and chemical treatment equipment to improve quality of E. Peoria's drinking water while correcting operational difficulties that have occurred at the water plant.
Cahokia (St. Clair County) $4.2 million for construction of a new regional sewage force main and pump station, as well as major rehabilitation of deteriorated sewers and pump stations, to improve the flow of wastewater in the system and greatly reduce operational costs. Commitment of funds for this project is contingent on the city's completing its loan applications and entering into a final loan agreement by next September.
Rushville (Schuyler County) $223,213 for 4,355 linear feet of six inch diameter finished water main, 4,715 linear feet of 12-inch diameter raw water main and necessary appurtenances to allow the city to provide fully treated drinking water to all customers.
Press Releases
No Data