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MEDIA CONTACT: Lindey Amer
CITIZEN CONTACT: Mike Settles
Geneva to Improve Drinking Water System with Financing from Ohio EPA
Geneva has received a low-interest loan of nearly $606,000 from Ohio EPA to repair deteriorating water lines that have a history of breaks and water loss in the distribution system.
Geneva plans to replace water mains on Elm St. between Eagle St. and North Broadway and along North Broadway from Elm St. to North Ave. The project is anticipated to be complete in May, 2017. By replacing the water mains, the city will reduce the cost and inconvenience of frequent repairs while ensuring residents will have a more reliable water supply.
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 nonprofit, non-community public water systems. The 1.6 percent reduced rate loan will save Geneva about $126,000 when compared to a 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 by Ohio EPA’s Division of Environmental and Financial Assistance 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: epa.ohio.gov/defa/EnvironmentalandFinancialAssistance.aspx.
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.