Texas Water Development Board approves $14,085,400 to the City of Cotulla (La Salle County) for water and wastewater system improvements
For immediate release. Contact: Kimberly Leggett at 512-463-5129
AUSTIN – (May 4, 2017) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $14,085,400, consisting of a $3,350,000 loan from the Clean Water State Revolving Fund (CWSRF), a $3,920,000 loan and $1,625,400 in loan forgiveness from the Drinking Water State Revolving Fund (DWSRF), and a $5,190,000 loan from the Texas Water Development Fund, to the City of Cotulla (La Salle County). The City will be able to finance water and wastewater system improvements with the assistance approved today.
The financial assistance approved today could save the City approximately $2 million over the life of the loans, in addition to the loan forgiveness.
The City will be able to finance the planning, design, acquisition, and construction costs associated with the expansion of the City’s wastewater treatment plant with the assistance received from the CWSRF. The City will also be able to expand the plant’s sewer service.
The assistance provided by the DWSRF will allow the City to finance the planning, design, and construction costs associated with water system improvements. The improvements will allow the City to meet increased water demands through the construction of a new elevated storage tank, pipeline, and pump station.
The City will use the Texas Water Development Fund to refinance the planning, design, and construction cost of a prior water and wastewater 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.