$740,956 Loan Will Fund Carlinville Water
Tower Replacement
For Immediate Release
August 7, 2003 |
Contact: Joan Muraro
217-785-7209
TDD: 217-782-9143 |
Springfield, Ill. -- A low interest loan of $709,956 has been approved for the city of Carlinville,
allowing the community to replace an aging drinking water tower, Illinois EPA
Director Renee Cipriano announced today.
The new tower, with a capacity of 300,000
gallons, will replace a deteriorated 100,000 gallon tank. The Macoupin County
community currently has inadequate storage
to meet minimum state standards, a deficiency that will be corrected by the
new tower.
"It is very satisfying to be able to help communities obtain the
funding they need to provide essential services to their residents. Safe
and plentiful drinking
water is a basic necessity we should never take for granted," Director
Cipriano said.
Funding for the loan comes from the Illinois Environmental Protection
Agency's drinking water revolving loan program that utilizes federal and
state funding
for loans to eligible drinking water treatment projects at half the market
interest rate. Interest paid on the 20-year loans is returned to the fund
to support low
interest loans to other applicants.
Director Cipriano noted that 80 percent
of the funding for the loan program comes from the federal government and
she has urged Illinois' congressional
delegation
to ensure there is adequate federal funding to continue to assist communities
in upgrading this vital infrastructure for the benefit of their citizens
and the environment.
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