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.
BioHeartland launches as the new identity for Indiana’s bioscience ecosystem
More rain, wind, storms possible Tuesday
"Improving Outcomes, Together" theme for National EMS Week
Candidates can begin filing for school board elections on Tuesday
May 15 is National Peace Officers Memorial Day
Indiana Conservation Officers seek help finding track chairs stolen from Fort Harrison State Park
OCRA, Indiana University announce Frankfort selected for second round of Beat the Heat program
Bill signed to prohibit cell phones, wireless devices in schools
