The PFA approved funding for Faribault, Winnebago, Sacred Heart, Arden Hills
5/29/2019 8:22:54 AM
Shane Delaney, 651-259-7236
ST. PAUL – The Minnesota Public Facilities Authority (PFA) approved $17.93 million in loan and grant funding for water infrastructure projects in Minnesota. Funding was approved for Faribault, Winnebago, Sacred Heart, and Arden Hills.
“Clean drinking water is a necessity for every Minnesotan family and business,” said Governor Tim Walz. “These PFA dollars are a great investment in our communities and pave the way for future growth.”
“Water projects like these help insure that current and future water infrastructure needs are being met,” said Steve Grove, PFA chair and commissioner of the Minnesota Department of Employment and Economic Development (DEED). “The PFA is a critical part developing communities for future business growth.”
Details on individual projects below:
This project consists of the construction of a new drinking water treatment plant, demolition of a pump house and ground storage reservoir and well improvements. The funding for this project comes from a Drinking Water Revolving Fund (DWRF) loan of $10,205,719. This one-percent loan is expected to save city residents $1,061,989 over the cost of market rate financing.
This project consists of the replacement of sanitary sewer and water mains in the northwest part of the city. PFA funding for this project comes from a $2,157,161 loan from the Clean Water Revolving Fund (CWRF) and a $2,786,625 DWRF loan. Together the one-percent loans are expected to save city residents $622,946 over the cost of market rate financing. The final $600,000 comes in the form of a DEED Small Cities Development Program (SCDP) grant.
This project consists of rehabilitation of the city’s wastewater treatment plant. Funding for this project comes from a Water Infrastructure Fund grant of $615,370, a SCDP grant of $490,000, a $331,504 USDA Rural Development grant and a $182,908 USDA Rural Development loan.
This project consists of the installation of a water main extending along Highway 10 from Highway 96 to Highway 35 W. Funding for this project comes from special legislative appropriation of $500,000 and $68,809 from the city.
The Minnesota Public Facilities Authority (PFA) provides financing and technical assistance to help communities build and maintain public infrastructure that protects public health and the environment and promotes economic growth. Since its inception in 1987 the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota.
Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.