July 17--JEROME -- Jerome is getting a $1.75 million state loan to help pay for almost $36 million worth of wastewater plant upgrades.
Facing millions in U.S. Environmental Protection Agency fines after untreated effluent was discharged into a canal in 2010, Jerome'sCity Council voted in January to bond for $35.8 million to fix its wastewater treatment plant. The city is looking at ways to drive down the project's cost.
The 20-year loan is from the Department of Environmental Quality'sState Revolving Loan Fund and carries a 1 percent interest rate.
The money will be used mostly for some of the more urgent work -- trunk lines and lift station upgrades that need to be in place by June 2015 to meet the EPA mandates, said city spokeswoman Zoe Monahan.
The loan will save the city about $775,000 compared with the average costs for municipal debt, the DEQ said in a news release.
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