Texas Water Development Board approves $539,902 to the City of Melvin (McCulloch County) for water system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (January 26, 2017) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $539,902, consisting of a $180,000 loan and $359,902 in loan forgiveness, from the Drinking Water State Revolving Fund to the City of Melvin (McCulloch County). The City will use the assistance to finance water system improvements.
The City could save approximately $32,000 over the life of the loan portion of the commitment by using the Drinking Water State Revolving Fund.
With the assistance approved today, the City will be able to finance construction of a water treatment facility.
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.