Texas Water Development Board approves $1,122,654 to the City of Wellman (Terry County) for water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN - (May 5, 2016) - The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $1,122,654, consisting of a $140,000 loan and $982,654 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Wellman (Terry County). The City will be able to finance the planning, acquisition, design, and construction costs associated with water system improvements.
In addition to the savings from the loan forgiveness, the City could save approximately $39,000 over the life of the loan by using the Drinking Water State Revolving Fund.
The City will be able to plan, design, and construct a reverse osmosis facility and complete other water system improvements. Additional improvements include a new ground storage tank, well houses and meters, enlargement of the treatment building, and a 1,250-foot pipeline. The City will also pursue water meter replacements.
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.