Texas Water Development Board approves $2,345,000 to the City of Strawn (Eastland, Erath, and Palo Pinto counties) for a water supply project
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (January 19, 2016) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $2,345,000, consisting of a $1,645,000 loan and $700,000 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Strawn (Eastland, Erath, and Palo Pinto counties). The City will be able to finance the planning, design, acquisition, and construction costs associated with a water supply project.
In addition to the savings from the loan forgiveness, the City could save approximately $321,045 over the life of the loan by using the Drinking Water State Revolving Fund.
The City will construct new wells and install a pump station and a pipeline to the City’s existing distribution system. The project will benefit the cities of Strawn, Mingus, and Gordon and the Barton Water Supply Corporation. Drought conditions have affected the City’s surface water supply, and they are in need of a supplemental groundwater supply. This is an urgent needs project.
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.