West Side Real Estate News & Notes
Ohio EPA assists Akron with drinking water plant improvements
AKRON — The Ohio Environmental Protection Agency (EPA) is providing two low-interest loans to the city of Akron to improve operations at its water treatment plant. The upgrades will help ensure customers continue to receive a safe and reliable supply of drinking water, according to EPA officials.
The loans, totaling more than $3.6 million, come from the Ohio Water Supply Revolving Loan Account. Akron qualified for a low-interest rate of 2 percent, which will save the city more than $1 million over the 20-year life of the loans when compared to the market rate of 4.34 percent, according to EPA officials.
The larger loan of $2.9 million will allow Akron to install variable frequency drives on the existing high-service pumps. The variable drives will use less electricity and reduce stress on the large pump motors.
The second loan of $760,285 will be used to replace the chlorine dioxide generator and delivery system. Four existing chlorine dosing points located throughout the treatment system will be replaced with a single dosing point early in the system.
Both projects are scheduled to begin this summer and be complete within a year.
Stephanie Kist contributed to this report.
More Real Estate News
Calendar of Events
- Burning River Film Festival - 10/23/2016
- “The BFG (Big Friendly Giant)” - 10/23/2016
- Vocalocity - 10/23/2016
- Archery Open Shoot - 10/23/2016
- Gemboree - 10/23/2016