West Side Real Estate News & Notes
Ohio EPA assists Akron with sewer line, drinking water improvements
AKRON — The Ohio Environmental Protection Agency (EPA) is providing two low-interest loans totaling more than $6.9 million to the city of Akron to repair the city’s main sewer line and replace aging water mains, valves and hydrants.
A loan of $6.1 million will be used to repair manholes and install cured-in-place piping inside the main trunk sewer that connects to the Mud Run Pump Station. According to EPA officials, lining the sewer will significantly reduce infiltration and inflow into this old sewer during rain events and, as a result, also will reduce overflows at the pump station. The loan comes from the Ohio Water Pollution Control Loan Fund (WPCLF).
A second loan of $831,284 will be used to replace water mains, valves and hydrants along streets where customers have reported frequent breaks or concerns with drinking water quality. The loan comes from the Ohio Water Supply Revolving Loan Account.
Combined, the 20-year loans will save the city more than $1.6 million in interest payments when compared to market rate loans, according to EPA officials. Construction on both projects should be complete by September 2014.
Stephanie Kist contributed to this report.
More Real Estate News
Calendar of Events
- Evening Retirement Series - 3/10/2014
- Anchoring - 3/10/2014
- A Far Cry with Matt Haimovitz - 3/11/2014
- Mudcakes - 3/11/2014
- Widows and Widowers Under 50 - 3/12/2014