Warsaw receives funding
The Ohio Water Development Authority (OWDA) awarded $9.18 million through low interest loans to Ohio communities to improve wastewater and drinking water infrastructure and make water quality improvements for Ohioans. For the month of April, the Authority funded eight projects that will provide improvements and replace aging infrastructure. The eight awarded projects received an interest rate ranging from 1.81% to 2.41%.
One of the Ohio communities receiving funding from OWDA’s Fresh Water Loan Program is the Village of Warsaw. It is receiving $195,381.00 at 2.41% for 20 years for the construction of improvements to the wastewater treatment plant, including: Removal of lagoon biosolids, and replacement of the aeration system.
The State of Ohio created the OWDA to provide funding for construction of public water and wastewater infrastructure in Ohio. Since its creation in 1968, OWDA has pursued borrowing that assure the OWDA the lowest cost of funds in order to maintain low borrowing rates for the local governments of Ohio. These low borrowing rates allow local governments to construct necessary water and sewer improvements while minimizing the impact to user charges.
More information about OWDA’s financing programs is available at www.owda.org.
Category: People & Places
