Texas Water Development Board approves $1,039,350 to the City of Willow Park (Parker County) for water system improvements
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (December 14, 2015) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,039,350, consisting of a $995,000 loan and $44,350 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Willow Park (Parker County). The City will be able to finance the planning, design, and construction costs associated with water system improvements.
In addition to the savings from the loan forgiveness, the City could save approximately $160,000 over the life of the loan by using the Drinking Water State Revolving Fund.
With the assistance approved today, the City will be able to replace approximately 10,700 linear-feet of water distribution lines. The new lines will help reduce water loss and maintain adequate service for the City’s customers.
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.