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.
Eviction delays and missed deadlines stall demolition of Plymouth's Red Rock Inn
Plymouth Park Board approves summer pool agreement, shelter requests for local causes
Plymouth man arrested for public intoxication following 911 Call
Two teens arrested after trespassing at River Park Square
Serious two-vehicle crash on U.S. 30 sends Plymouth couple to hospital
Education Union for ISTA staff files unfair labor charges
People urged to take precautions against tick-borne disease as risk increases with warmer weather
Busy weekend for Plymouth Police yields six traffic-related arrests
