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.
Lineup of 50 new food creations featured during this year's Indiana State Fair
National award honors Shelby County Players for community impact
Southwestern Valedictorian headed to IU to study Neuroscience
Greensburg man killed in Ripley County crash
Shelbyville man arrested following pursuit
Class of 2027 graduates can apply for scholarships through Blue River Community Foundation
Waldron Co-Salutatorian values the impact teachers can make on children
Indianapolis Indians to celebrate 30 Years of Victory Field
