Marshall one of four cities receiving PFA funds
ST. PAUL – The Minnesota Public Facilities Authority (PFA) announced today $12 million in loan and grant funding for water infrastructure projects in Atkin, Dassel, Gibbon, Marshall.
“These projects will increase access to clean water and protect the environment,” said Governor Tim Walz. “This represents a great investment in the health and wellbeing of our local communities.”
“Water infrastructure continues to be a vital resource for Minnesota communities,” said DEED Commissioner Steve Grove. “These projects represent an investment in the future health and economic growth of Greater Minnesota.”
Details on each award are below:
This project consists of the installation of a new watermain, hydrants and gate valves and the repair and replacement of sections of the sanitary sewer in the northwest part of the city. Funding comes in part from a 20-year 1% interest loan of $1,005,869 from the Drinking Water Revolving Fund (DWRF). The loan is expected to save $85,160 when compared to the cost of market-rate financing. An additional $901,774 comes from a Clean Water Revolving Fund (CWRF) loan. The 20-year 1% loan is expected to save $76,604 when compared to market-rate financing. The Iron Range Resources and Rehabilitation board will provide $250,000 and an additional $248,150 comes from local sources.
Dassel will use this funding to rehabilitate the drinking water treatment plant. A DWRF loan of $2,436,100 will cover the funding. The 20-year 1% loan is expected to save $247,805 when compared to the cost of market-rate financing.
This project consists of the replacement of old clay sanitary sewer pipe with PVC pipe. A CWRF loan of $704,458 will cover the costs of the project. The 20-year 1% loan is expected to save $66,951 when compared to the cost of market-rate financing.
This project consists of improvements to the drinking water treatment plant that will reduce discharge of chlorides to the environment. Funding for this project comes from a Point Source Implementation grant of $7 million. In addition $4,585,492 will come from local sources.
The Minnesota Public Facilities Authority (PFA) provides financing and technical assistance to help communities build and maintain public infrastructure that protects public health and the environment and promotes economic growth. Since its inception in 1987 the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota.