City will make wastewater system improvements
JEFFERSON CITY, MO, JUNE 11, 2024 – The Missouri Department of Natural Resources has awarded more than $3 million in financial assistance to the city of Rosebud for upgrades to its wastewater treatment system. The project is estimated to total $3.15 million and is expected to be completed by July 2025.
The project is designed to enhance the facility’s treatment capabilities, which not only will improve water quality but extend its life and efficiency so that it can continue serving the city well into the future. The project also includes the refinancing of the city’s refunded bonds that were issued to finance design costs associated with the project.
Project funding consists of a $1.27 million loan, a $1.79 million grant through the Clean Water State Revolving Fund and $82,117 in other sources. The funding provided by the department is estimated to save the system’s customers nearly $1.8 million in principal and approximately $630,000 in interest over the loan’s 30-year term.
“The health and welfare of every Missouri community is important,” said Governor Mike Parson. “That’s why we make it a priority to help our communities improve crucial infrastructure such as water treatment systems. Communities rely on these systems to remain strong and vibrant.”
“We can tailor assistance programs for qualified communities of all sizes so they can improve their water treatment systems,” said Dru Buntin, director of the Missouri Department of Natural Resources. “This in turn helps protect public and environmental health, and improves the quality of life for Missourians.”
The Clean Water State Revolving Fund finances improvements to wastewater treatment facilities, sewer collection system rehabilitation and extensions, and combined sewer overflow corrections. The fund also finances upgrades for better security, efficiency and conservation measures. Communities that borrow from the fund benefit from the below-market interest rate and from assistance provided throughout their project by a department project manager.
The department is committed to assisting Missouri communities with water and wastewater infrastructure improvement projects. Through its Financial Assistance Center, the department provides funding opportunities for qualified communities with water quality, wastewater and drinking water infrastructure needs. This project will be funded wholly or in part with monies received from the U.S. Environmental Protection Agency.
For more information about drinking water and wastewater funding opportunities, visit dnr.mo.gov/water/business-industry-other-entities/financial-opportunities/financial-assistance-center.