Texas Water Development Board approves $3,000,476 to the City of Seymour (Baylor County) for water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (April 11, 2016) - The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of a $3,000,476, consisting of a $2,115,000 loan and $885,476 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Seymour (Baylor County). The City will be able to finance the planning, design, and construction phases of a water system improvement project.
In addition to the savings from the loan forgiveness, the City could save approximately $495,000 over the life of the loan by using the Drinking Water State Revolving Fund.
With the assistance approved today, the city will add additional reverse osmosis treatment at its plant and construct an approximately 11-acre evaporation pond.
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.