Ohio EPA has approved a $491,141 loan for the Village of Cleves that will allow the city to construct the Elizabethtown water mains phase 2 project.
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Hamilton County Project Receives Ohio EPA Loan for Public Health Improvement
Ohio EPA has approved a $491,141 loan for the Village of Cleves that will allow the city to construct the Elizabethtown water mains phase 2 project. When the project is complete, water users in Elizabethtown will enjoy safe, potable drinking water.
The 2 percent interest rate loan includes up to 20 percent principal forgiveness and will save an estimated $365,000 during the 30-year life of the loan when compared to the 4.42 percent market rate. The project includes installing an 8-inch diameter water line within Stevens Road from the Indiana state line across I-275 to where it ties in to the phase one line. An additional 8-inch line also will be installed on Mills Street southwest to Church Street, northeast to Chambers Street, Chambers street southeast to State Route 50 and State Route 50 northeast to Lawrenceburg Road.
Started in 1998, the Ohio Water Supply Revolving Loan Account has provided more than $900 million in loans with below-market interest rates for compliance-related improvements to public water systems. The program has saved public water systems more than $158 million in interest. Additionally, the WSRLA can provide technical assistance to public 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.
This state revolving loan fund is partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The loan program is managed by Ohio EPA, with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental reviews of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.
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. In the past 40 years, 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. Ohio EPA -- 40 years and moving forward.