More Than $15.1 Million In Water And Wastewater Construction Loans Awarded

Low-Interest Loans Help Fund Infrastructure Improvements

Wednesday, March 26, 2014

Tennessee Governor Bill Haslam and Department of Environment and Conservation Commissioner Bob Martineau Wednesday announced that five communities, two utility districts and two water/wastewater authorities have been approved to receive more than $15.1 million in low-interest loans for water and wastewater infrastructure improvements.  Hamilton County WWTA received a $6 million loan. 

“I am pleased to see local governments using this important program to help address critical drinking water and wastewater needs, making infrastructure improvements that will benefit the health of these communities and foster economic growth,” Governor Haslam said.

The State Revolving Fund Loan Program provides low-interest loans that help communities, utility districts, and water and wastewater authorities finance projects that protect Tennessee’s ground and surface waters and public health. Loans are used to finance the planning, design and construction of water and wastewater facilities. 

Through the SRF Program, communities, utility districts, and water and wastewater authorities can obtain loans with lower interest rates than most can obtain through private financing. Interest rates for loans can vary from zero percent to market rate based on each community’s economic index. Loans utilizing EPA grant funds include a principal forgiveness component for water and wastewater projects.

“The State Revolving Fund Loan Program is a community investment to help maintain environmental and public health, while keeping local communities moving forward as they prepare for future needs,” Commissioner Martineau said.

The Department of Environment and Conservation administers the SRF Loan Program for the state of Tennessee in conjunction with the Tennessee Local Development Authority. The U.S. Environmental Protection Agency provides grants to fund the program, and the state provides a 20 percent match. Loan repayments are returned to the program and are used to fund future SRF loans. 

The funding order of projects is determined by the SRF Loan Program’s Priority Ranking Lists that rank potential projects according to the severity of their pollution and/or compliance problems or for the protection of public health.

Wastewater Loans were announced Wednesday for the following recipients:

Anderson County Water Authority (Union County) - The Anderson County Water Authority will receive $3,512,571 for the project that includes installation of six sanitary sewer pumping stations and approximately 74,000 linear feet of eight-inch diameter force main. The project will be funded with a 20-year, $2,810,057 loan with an interest rate of 0.70 percent and $702,514 in principal forgiveness that will not have to be repaid. 

City of Pegram (Cheatham County) - The city of Pegram will receive $449,000 for a project that includes wastewater treatment plant and land application improvements. The project will be funded with a 20-year, $426,550 loan with an interest rate of 0.95 percent and $22,450 in principal forgiveness that will not have to be repaid.

Drinking Water Loans were announced today for the following recipients:

Town of Halls (Lauderdale County) - The town of Halls will receive $723,258 for a project that includes Green-Water meter replacement. The project will be funded with a 20-year, $578,606 loan with an interest rate of 0.64 percent and $144,652 in principal forgiveness that will not have to be repaid. 

City of Livingston (Overton County) - The city of Livingston will receive $800,000 for a project that includes water treatment improvements. The project will be funded with a 20-year, $520,000 loan with an interest rate of 1.64 percent and $280,000 in principal forgiveness that will not have to be repaid.

City of Jellico (Campbell County) - The city of Jellico will receive $750,000 for a project that includes Green-Water line installation. The project will be funded with a 20-year, $600,000 loan with an interest rate of 0.23 percent and $150,000 in principal forgiveness that will not have to be repaid.

Poplar Grove Utility District (Tipton County) - The Poplar Grove UD will receive $800,000 for a project that includes Green-Water meter replacement and WTP improvements. The project will be funded with a five-year, $520,000 loan with an interest rate of 0.0 percent and $280,000 in principal forgiveness that will not have to be repaid. 

25 Utility District (Smith County) - The 25 UD will receive $522,390 for a project that includes water distribution system improvements. The project will be funded with a 20-year, $417,912 loan with an interest rate of 0.91 percent and $104,478 in principal forgiveness that will not have to be repaid.

Traditional Wastewater Loans were announced Wednesday for the following recipients:

Hamilton County WWTA (Hamilton County) - The Hamilton County WWTA will receive $6 million for a project that includes infiltration and inflow corrections. The project will be funded with a 20-year loan with an interest rate of 1.86 percent. 

Union City (Obion County) - Union City will receive an increase of $1.4 million to an existing $1.75 million, 20-year loan which brings the total to $3.15 million with an interest rate of 1.17 percent for a project that includes wastewater treatment plant improvements.

A Traditional Drinking Water Loan was announced Wednesday for the following recipient:

City of Livingston (Overton County) - The city of Livingston will receive a $200,000, 20-year loan with an interest rate of 1.64 percent for water treatment improvements. 

Since its inception in 1987, Tennessee’s Clean Water State Revolving Fund Loan Program has awarded more than $1.5 billion in low-interest loans. Since its inception in 1996, Tennessee’s Drinking Water State Revolving Fund Loan Program has awarded more than $220 million in low-interest loans. Both programs combined award more than $80 million annually to Tennessee’s local governments for water and wastewater infrastructure projects.

Any local government interested in the SRF Loans should contact the State Revolving Loan Fund Program, Tennessee Tower, 12th Floor, 312 Rosa L. Parks Avenue, Nashville, TN 37243, or call 615.532-0445. Additional information about the SRF Loan Program may be found online at

http://www.tn.gov/environment/water/fund.shtml.  

Undercover Hostess Launches New Website

Undercover Hostess, the women-owned startup which creates and rents stylish party supplies, announced the launch of their new website,  www.undercoverhostess.com  on Tuesday, Sept. 30. The company debuted a unique and innovative concept for hosting parties: beautifully detailed party kits that customers rent, and are then delivered right to their door.   ... (click for more)

Scott Miller Joins LBMC

LBMC, PC, has added Scott Miller to the Accounting and Assurance services team. Mr. Miller serves as a staff accountant within the LBMC Accounting and Assurance team working with companies in the manufacturing, not-for-profit, and real estate industries. Prior to LBMC, Mr. Miller worked as an intern for both Kraft CPA’s and Parker, Parker & Associates. He earned both ... (click for more)

Attorneys For Life Care Centers Of America Seek Direct Appeal On Key Issue In Federal Lawsuit

Attorneys for Life Care Centers of America are seeking a direct appeal to the Sixth Circuit Court of Appeals on a key issue in the case in which the federal government is seeking millions of dollars in reimbursements, plus treble damages, against the Cleveland, Tn.,-based firm. The attorneys want to appeal a decision by Federal Judge Sandy Mattice that would allow the testimony ... (click for more)

Couple Die In Wreck In Marion County After Vehicle Goes Off Highway In A Curve

Two people died in a wreck in Marion County late Saturday night. The victims were identified as Glenda White, 33, of Palmer, Tn., and Jeremy Braden, 28, of Gruetli Laager, Tn. Both were ejected from their vehicle. They ran off the left side of Highway 108 at a curve while going north. The vehicle went through a fence into a field, before striking a tree and then coming ... (click for more)

Frances Pope Is The Only Answer For East Ridge Mayor

The time is upon us to stand together for a change, a changing of the guard for the better.  A time to elect officials that will actually listen to all the citizens that have concerns. A time to come together to watch East Ridge grow with new development. A time to elect the people in charge of the direction the city goes. A time when community involvement is essential. ... (click for more)

Roy Exum: UT Ain’t Heard Nothing Yet!

Just moments before Florida would seal a football 10-9 victory over Tennessee in early October, the student section in Neyland Stadium stooped to a new low when it vociferously chanted, “F*** you, Florida! F*** you, Florida!” It was shocking, a loud and vulgar display of all that sportsmanship isn’t, and served as a great embarrassment to Knoxville and the university. Jimmy Cheek, ... (click for more)