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Grafton Improving Drinking Water System with Financing from Ohio EPA
Three projects will help ensure continued delivery of safe drinking water in Grafton. The village will replace its old water storage tank, a booster pump station and deteriorated water lines with financial assistance from Ohio EPA low-interest loans.
The water storage tank project will replace the existing elevated tank with a new 200,000-gallon tank and new transmission pipe. The booster pump station project will construct a new building and install pumps, piping, electrical controls and a standby generator. The water line project will replace about 1,900 feet of 6- and 12-inch water mains with 12-inch pipes.
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. Combined, the Grafton projects are receiving three loans totaling $2.18 million from the WSRLA. Of that, $25,000 of the principal covering the cost of the standby generator does not have to be repaid.
The lower interest rates on the loans will save the village an estimated $475,000 when compared to a market rate loan. Grafton also is receiving three loans from the Ohio Public Works Commission for the projects, totaling $1.06 million.
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 or 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.