Texas Water Development Board approves $9,683,103 to Wolfe City (Hunt County) for water and wastewater system improvement projects
For immediate release. Contact: Sarah Haney at 512-463-5129
AUSTIN – (May 9, 2019) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $9,683,103, consisting of a $3,935,000 loan and $988,103 in loan forgiveness from the Drinking Water State Revolving Fund (DWSRF) and a $4,360,000 loan and $400,000 in loan forgiveness from the Clean Water State Revolving Fund (CWSRF), to Wolfe City (Hunt County). The City will use the assistance to finance wastewater and water system improvements.
The City could save approximately $4.2 million over the life of the loan by using the DWSRF and CWSRF programs in addition to the loan forgiveness.
The $4,923,103 provided by the DWSRF will allow for the planning, acquisition, design, and construction of water system improvements. The City will construct a new water well, ground storage tank, and pump station, as well as replace approximately 4.7 miles of water lines throughout the city.
With the $4,760,000 from the CWSRF, the City will finance the planning, acquisition, design, and construction of wastewater system improvements. Approximately 3.7 miles of pipeline will be replaced throughout the city. In addition, the City will replace or rehabilitate manholes and two lift stations. The improvements will help improve overflow during heavy rain events.
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.