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.
INDOT Knox County road construction to begin
Extensive rainfall in region leads to Embarrass River flood warning
Exposure to animals, biting pests can lead to several illnesses
Oakland City University releases statement on rumors of closing
Indiana Natural Resources Commission to hold public hearing for bobcat rule changes
Illinois State Museum Route 66 exhibit to open May 23
Lawrenceville votes to raise sewer rates and hire engineering firm for new sewer plant
Two sentenced to prison in Lawrence County
May 15 is National Peace Officers Memorial Day
St. Francisville City Council takes action on annual budget
Unit #10 Special Education meeting
Chevron hosts annual former Texaco refinery open house
Bill signed to prohibit cell phones, wireless devices in schools
Sumner in line for federal funding for planned Christy Avenue project
Neimerg calls for IDOC changes at Lawrence County and Crawford County prisons
110th running of the Indianapolis 500 a sellout, local TV delay lifted
Lawrence County issued tentative property multiplier
Ash retires as Bridgeport Police Chief
USDA requires SNAP authorized retailers to carry more real food
