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Loan package helps fund $2.5 million in water treatment plant improvements in Warren

Staff Photo by Dan Henry / The Crow Creek Valley has outdated emergency communication methods since it is deep in the Southern Cumberland Plateau and is without cellular or cable services. The valley as seen from on top of Sherwood Mining Company's limestone quarry.
Staff Photo by Dan Henry / The Crow Creek Valley has outdated emergency communication methods since it is deep in the Southern Cumberland Plateau and is without cellular or cable services. The valley as seen from on top of Sherwood Mining Company's limestone quarry. Staff Photo by Dan Henry / The Crow Creek Valley has outdated emergency communication methods since it is deep in the Southern Cumberland Plateau and is without cellular or cable services. The valley as seen from on top of Sherwood Mining Company's limestone quarry.

By Ben Benton 3 min read

photo Water tile

LOANS FOR WATER

The project will be funded with a 20-year, $1.875 million loan with an interest rate of 0.95 percent and $625,000 in principal forgiveness that will not have to be repaid. The State Revolving Fund Loan Program provides low-interest loans that help communities, utility districts and water and wastewater authorities finance projects in the interest of protecting Tennessee ground, surface and drinking water. Of the $4.4 million in loans awarded this month, a combined $1.47 million in loans were also awarded to the town of Carthage in Smith County, Tenn., for water meter replacements and water treatment system improvements.

Warren County (Tenn.) Utility District customers won’t have to worry as much about water supply problems from extremes of drought and flooding thanks to a loan package announced this month that will help fund a $2.5 million water plant improvement project.

Mike Green, manager of the utility based in McMinnville, said improvements underway over recent years are aimed at improving the utility’s ability to provide ample quantities of drinking water no matter what the weather is doing.

“We’ve been working on this for a couple of years, at least, trying to get all the permits from the different agencies,” Green said Thursday. “What we really want to do is to make sure our customers have water 24/7.”

“We’re hoping to start by summer 2016,” he said.