The city of North Vernon has closed on a low-interest, $6.5 million loan. The city says the money from the Indiana Finance Authority’s Clean Water State Revolving Fund Loan Program will support needed wastewater improvements.
The city says, by using the revolving loan fund instead of seeking a traditional loan, it will save more than $1.2 million in interest expenses. The program is supported by the U.S. Environmental Protection Agency and the Indiana State Revolving Loan Program.
Planned improvements include:
–Replacing the sewers in the Hickory Manor Trailer Park subdivision
–Building in-line storage upstream of the Southwest Lift Station
–Constructing a new Vortex High Rate Clarifier at the wastewater treatment plant
–Installing disinfection facilities and a new chemical feed building
The city says the projects will boost water quality and reduce overflow to the Muscatatuck River.