The city put into motion Tuesday a $267-million loan agreement with the Kansas Department of Health and Environment to fund nearly half the cost of the new water treatment facility planned for northwest Wichita. The loan, through the State of Kansas Drinking Water State Revolving Fund, is expected to finance 48% of the plant’s construction costs, while a federal loan from the Environmental Protection Agency will cover 49%. Revenue bonds and earnings from a 5% water and sewer rate increase approved in December will cover the remaining 3%. The City Council voted unanimously Tuesday to approve the loan agreement, which technically won’t close until after Nov. 20.
Source: Wichita Business Journal
