The City of Rochester to benefit from the Indiana Finance Authority closing approximately $119 million in low-interest financing for the month of June to help five Indiana cities to fund drinking and/or waste-water infrastructure projects.
By leveraging the State Revolving Fund program, the communities will save an estimated aggregate of $50.2 million in principal and interest costs, compared to open-market financing.
The SRF program will also provide the City of Rochester with nearly $17.4 million in low-interest financing for improvements to its drinking-water systems. By utilizing the SRF program, the City of Rochester will save $7.4 million in principal and interest compared to open-market financing. This project will construct a new elevated storage tank, replace lead service lines, as well as complete looping projects within the distribution system. The City of Rochester’s project will reduce the risk of lead in drinking water, provide adequate water storage, and increase pressure and flow in the distribution system allowing the city to provide the most safe and reliable water to its service area.
Driver and passenger airlifted from Cass County crash
ISP shopping safety tips
Funding available for waste tire cleanup projects
Fulton County Community Foundation receives Community Support Grant
33-year-old man facing felony charges in Fulton County for allegedly possessing 150 images of child pornography
Fire damages structure at R B Truck Trailer Repair
4C Health expands crisis care continuum with Subacute Stabilization Certification
New K-9 joins ISP in the Peru district
