Texas Water Development Board approves $2,755,300 in financial assistance to the City of Euless (Tarrant County) for a reclaimed water system expansion
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (December 11, 2014) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $2,755,300, consisting of a $2,380,000 loan and $375,300 in loan forgiveness from the Clean Water State Revolving Fund, to the City of Euless (Tarrant County). The assistance will finance the extension of the existing reclaimed water system.
Euless could save approximately $841,188 over the life of the loan by using the Clean Water State Revolving Fund.
The project will allow the City to extend services to additional commercial and residential customers. Implementation of the project will eliminate the use of potable water for irrigation in the areas served and reduce the City’s demand for potable water.
The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.