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USDA Rural Development has issued the township a loan and grant eligibility letter for the Phase 1 sewer project. It is contingent upon USDA RD receiving the approved funding. The loan would be for $3,481,000 at the intermediate interest rate and a grant of $2,844,000. The proposed grant is the maximum (45%).
This funding is not guaranteed until USDA gets the funding. As they say in the letter: “We anticipate loan and grant funds will be available within a month. This is contingent upon receiving SECD and regular funding.” When that occurs, the township must accept or decline what is offered.
The application for USDA grants and loans for Phase 2 was filed on January 31, 2022.
For more information on all sewer projects, go to the Sewer Expansion web page by clicking on "additional info" link below.