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.  

Mr. Electric Of Huntsville And Chattanooga Named Franchisee Of The Year

Keith Pinkerton, owner of Mr. Electric of Huntsville and Mr. Electric of Chattanooga, was named Franchisee of the Year by Mr. Electric Corporate during the 2014 International Convention held in Orlando, Fla. Each year, Mr. Electric awards a franchise owner with this honor as a way of commemorating a career of unprecedented growth and success, achieved through continuous training ... (click for more)

Hamilton Place Mall Participates In "Give Kids A Winning Chance" Program

Hamilton Place Mall, as part of the CBL Cares platform, announced plans to support Boy & Girls Clubs of Chattanooga through the “Give Kids a Winning Chance” program. The program is being conducted at CBL malls throughout the country.   This national partnership with Coca-Cola and BGCA will collect sporting equipment, arts and craft supplies, educational games and more ... (click for more)

Sewell Says City, EPB "Close" On Amount Owed By Utility To City On Street Light Overbilling

City Internal Auditor Stan Sewell told City Council members on Tuesday that EPB and the city are "close" on the amount owed by the utility to the city on street light overbilling. Mr. Sewell said the city computed the amount at about $1.2 million, while he said EPB's auditing firm, Mauldin and Jenkins, has it at $1.5 million for an 89-month period that was audited. Mr. Sewell ... (click for more)

City Council Votes 5-4 On New Process For Naming IDB Members

The City Council voted Tuesday night 5-4 to set up a new process for naming members to the Industrial Development Board (IDB), which currently has four vacancies. The process includes three City Council panels: A (Districts 1, 2, 3), B (Districts 4, 5, 6), and C (Districts 7, 8, 9). Group A will fill two of the vacancies and Groups B and C one each. Agreement ... (click for more)

Why So Much For A Rail Study?

From the things that make you go hmm department. Ok, so the feds are giving us $400k and the city is kicking in another $300k for a total of $700k to do a study on having in town rail service. Why so much for a study? Don't get me wrong, I'm totally down with Chattanooga having some passenger trains running around. I get that. It's awesome. We've needed it for a long time. I ... (click for more)

Roy Exum: I’m Certainly No Expert

Sometime on Monday night, after I had written a piece on getting swatted with a switch as a kid, I got an email from ESPN Canada asking if I would be a televised guest on “Off the Record,” the most watched daily sports show in Canada. The subject: corporal punishment in America. Are you kidding me? I am hardly an expert. All weekend my world of sports and its excitement was warped ... (click for more)