LOAN CLOSING

The Water Infrastructure Finance Authority of Arizona (WIFA) announced today that it had closed a $239,580 20-year DWSRF loan with the Morristown Water Company. The loan carries a 2.760% interest rate and features $203,643 in Principal Forgiveness.

Project Description

The Company plans to make various well site improvements, repair their pressure tank and storage tank, replace booster pumps, and replace their customers water meters. The Company will also hire a consultant to complete an alternative water supply study.

About WIFA

WIFA is a governmental organization dedicated to protecting public health and promoting environmental quality through financial assistance for water and wastewater infrastructure. WIFA is Arizona's administrator of the Clean water and Drinking Water State Revolving Funds (CWSRF and DWSRF) and provides funding for drinking water, wastewater, and stormwater projects. The SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients for drinking water and clean water infrastructure projects. Over the last 30 years, WIFA has proudly invested over $3 billion in Arizona's communities.

Media Contact

This email address is being protected from spambots. You need JavaScript enabled to view it., Communications Director | Phone: (602) 364-1326

 

LOAN CLOSING

The Water Infrastructure Finance Authority of Arizona (WIFA) announced today that it had closed a $270,000 20-year DWSRF loan with the Rim Trail Domestic Water Improvement District (DWID). The loan carries a 1.739%** interest rate and features $212,500 in Principal Forgiveness.

Project Description

The DWID will be making necessary improvements for the water system including: replacing approximately 1,000 feet of failing waterline, rehabilitating a leaking 35,000 gallon water tank, replacing a 10,000 gallon water tank, and installing automated meter readers throughout the system. 

About WIFA

WIFA is a governmental organization dedicated to protecting public health and promoting environmental quality through financial assistance for water and wastewater infrastructure. WIFA is Arizona's administrator of the Clean water and Drinking Water State Revolving Funds (CWSRF and DWSRF) and provides funding for drinking water, wastewater, and stormwater projects. The SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients for drinking water and clean water infrastructure projects. Over the last 30 years, WIFA has proudly invested over $3 billion in Arizona's communities.

Media Contact

This email address is being protected from spambots. You need JavaScript enabled to view it., Communications Director | Phone: (602) 364-1326

LOAN CLOSING

The Water Infrastructure Finance Authority of Arizona (WIFA) announced today that it had closed a $500,000 20-year DWSRF loan with the City of Coolidge. The loan carries a 1.739% interest rate and features $125,000 in Principal Forgiveness.

Project Description

The loan will fund the design and construction of a large scale on-site 151 kilowatt (kW) solar array to provide a renewable energy source to the City's Wastewater Treatment Plant (WWTP). It is estimated that the solar system will offset 22% to 25% of the WWTP’s annual usage (kWh).

About WIFA

WIFA is a governmental organization dedicated to protecting public health and promoting environmental quality through financial assistance for water and wastewater infrastructure. WIFA is Arizona's administrator of the Clean water and Drinking Water State Revolving Funds (CWSRF and DWSRF) and provides funding for drinking water, wastewater, and stormwater projects. The SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients for drinking water and clean water infrastructure projects. Over the last 30 years, WIFA has proudly invested over $3 billion in Arizona's communities.

Media Contact

This email address is being protected from spambots. You need JavaScript enabled to view it., Communications Director | Phone: (602) 364-1326