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City secures 21 million loan to replace lead pipes

August 21, 2024 | Greeley City, Weld County, Colorado


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

City secures 21 million loan to replace lead pipes
In a recent city council meeting, officials approved a significant ordinance aimed at enhancing Greeley's water infrastructure and addressing public health concerns related to lead service lines. The council unanimously voted to authorize a loan of approximately $20.9 million from the Colorado Water Resources and Power Development Authority, which will fund the replacement of lead service lines throughout the city. This initiative is part of a broader lead service line program, with the loan structured to include $10 million in principal forgiveness, making it a financially advantageous option for the city.

Sean Chambers, the director of water and sewer utilities, highlighted the importance of this funding, noting that the loan comes from federal funds allocated through the Environmental Protection Agency (EPA) under the drinking water revolving fund program. The loan features a 30-year term with a competitive interest rate of 3.5%, significantly lower than what could be obtained through private revenue bonds. Chambers emphasized the necessity of replacing lead pipes, which pose health risks, and outlined the project's phased approach to identify and replace these lines.

The council also discussed the coordination between the water department and public works to ensure that road repairs and lead line replacements occur in tandem, minimizing disruption. The city has already begun initial investigations and inspections in high-priority areas identified in the lead service line inventory.

In addition to the water infrastructure improvements, the council addressed the establishment of a local improvement district for the Ashcroft Draw Basin, which will facilitate the construction of sanitary sewer infrastructure. This initiative aims to support future growth in the area, particularly as the city navigates challenges related to sewer capacity previously managed by the City of Evans.

Overall, the meeting underscored the city's proactive measures to enhance public health and infrastructure, with the council's decisions reflecting a commitment to addressing critical water quality issues and supporting sustainable development in Greeley.

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Scribe from Workplace AI
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