USDA Rural Development announces the funding of $526,000 to the Village of Waterbury. Last year, the Village received USDA Rural Development funds of $20,000 to develop a Preliminary Engineering Report on the village’s municipal water system and sewer system. Today’s funding reflects the improvements needed in the systems per the report.
“I believe these improvements will be great for the Village and helpful to our community to respect the use of our natural resource of ground water," said Village Clerk, Ruth Greenough, Village of Waterbury.
“Per the Preliminary Engineering Report it was determined that the Village’s old water meters needed replacement. Also, the sewer system needed repairing and relining along with the sewage treatment lagoon needing improving and upgrading,” said USDA Rural Development Community Programs Specialist, Luann Brown.
USDA Rural Development’s funding announced today is a $259,000 loan and $267,000 grant. The loan will be repaid over 40 years at a 1.625 percent rate of interest.
The project was funded through the USDA Rural Development Water & Waste Disposal Loan and Grant program. Visit: http://www.rd.usda.gov/programs-services/water-waste-disposal-loan-grant-program/ne. The Preliminary Engineering Report was funded through the Special Evaluation Assistance for Rural Communities and Households (SEARCH) program. Visit: http://www.rd.usda.gov/programs-services/search-special-evaluation-assistance-rural-communities-and-households/ne.
For more information, contact Luann Brown at 402-437-5571 or Luann.email@example.com.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values.