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.
County Road 550 W. to close near Stilesville in connection with a local project
Hoosiers may qualify for free well water testing
FBI joins search for missing Owen County woman
Archival Crawl hosted by Putnam Co. Public Library, Depauw and Putnam Co. Museum
Attorney General vows to protect Hoosiers from gas price gouging during temporary gas tax suspension
Elevated fire weather risk in Central Indiana
All-way stop coming to U.S. 231 and State Road 234 in Montgomery County
Duke Energy reminds residents to call 811 before beginning spring digging projects
