Welcome, Northrup receive MPFA grants
St. Paul – Two communities in Martin County are set to receive grants from the Minnesota Public Facilities Authority (MPFA) to upgrade their wastewater and drinking water infrastructure. Northrop and Welcome were among the communities awarded grant funding.
The two projects set to receive funding are:
The city of Northrop was awarded a loan of $342,204 from the Drinking Water Revolving Fund to rehabilitate the municipal water tower. The 20-year, 1 percent loan will save the city $66,837 compared with what it would have paid for a conventional loan of the same amount.
The City of Welcome will build a new water tower and install two natural gas generators. The PFA approved the city for a $789,200 loan from the Drinking Water Revolving Fund. The 20-year, 1 percent loan will save the city $137,696 compared with a conventional loan. In addition, the city is providing $170,000 for the project.
The MPFA makes low-interest loans and grants available to eligible communities throughout Minnesota to help fund infrastructure improvements they would not otherwise be able to afford. The agency has funded $4.5 billion in infrastructure projects since 1987.