News and Tribune

Clark County

March 27, 2008

Jeffersonville officials say loan will save money on sewers

The city of Jeffersonville will close a $9.8 million low-interest loan Friday through the Indiana Finance Authority’s Wastewater State Revolving Fund Loan Program.

The loan will finance a sewer treatment plant expansion and separation of combined sewers, which will eliminate two combined sewer overflows into local waterways and the Ohio River during rain events, a news release says.

The loan also will finance a sewer extension to Longview Beach, which is served by septic systems. More than 70 Longview Beach property owners are contributing approximately $9,000 each — a figure that includes a $3,025 per-property tap-in fee — to help facilitate the sewer extension.

“With the state’s help, we are able to finance needed work in a fiscally responsible manner,” said Mayor Tom Galligan in the news release. “If we were to spend more money on interest, we would have less to spend on service to our sewer customers.

“I’m pleased that the Jeffersonville Sanitary Sewer Board and the City Council were adamant about seeking a financing package that will save our sewer utility dollars over the long haul.”

1
Text Only | Photo Reprints

LOCAL MAGAZINES
2013 Photos of the year


Take a look at our most memorable photos from 2013.

LOCAL STATISTICS
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case
2013 Photos of the year


Take a look at our most memorable photos from 2013.