Ohio EPA has issued an $88,955.42 low-interest loan to the village of Shawnee in Perry County to help construct the second phase of a water distribution system replacement of undersized waterlines.
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Shawnee Water Project Receives Ohio EPA Loan to Replace Distribution System, Improve Water Quality and Public Health
Ohio EPA has issued an $88,955.42 low-interest loan to the village of Shawnee in Perry County to help construct the second phase of a water distribution system replacement of undersized waterlines. This project will alleviate potential health issues for Shawnee’s water users. Bacterial contamination can result from the village’s frequent waterline breaks.
As part of the loan from Ohio’s Water Supply Revolving Loan Account (WSRLA), the village qualifies for $26,409 in principal forgiveness (which does not have to be repaid) and a below-market, two percent interest rate, which should save an estimated $78,000 over the 30-year life of the loan when compared to the market rate. The remainder of the project is being funded through a $176,063 grant from the Appalachian Regional Commission and a $61,622 grant and $26,409 loan from the Ohio Public Works Commission.
Approximately 6,000 feet of waterlines and 52 service reconnections with new water meters will be installed. The existing waterline will be abandoned in place.
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.