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February 16, 2000

Ryan Announces Funding To Improve Public Water Supply

SPRINGFIELD -- Governor George H. Ryan today announced approval of $834,345 in loans for drinking water projects in Jerseyville, Tazewell County, Pittsfield and Golconda. The loans will come from the Illinois Environmental Protection Agency's public water supply loan program.

Loan recipients, and the amount of their loans, are the city of Jerseyville, $770,000; the North Tazewell Public Water District, $50,000; the city of Pittsfield, $12,060, and the city of Golconda, $2,285.

"Having a safe water supply is something many of us take for granted," Ryan said. "Many smaller communities, however, need a helping hand when it comes to improving their public water distribution systems. These loans will help ensure that the residents of these communities have access to the services they deserve."

The Jerseyville project will fund construction of a new water storage facility for treated water ready for distribution to users. Pittsfield's loan is an amendment to cover increases in final construction costs on a 750,000 gallon elevated storage tank, while the $50,000 loan to the North Tazewell Public Water District will fund installation of a standby generator at the Highview Estates Water Tower. Golconda's loan will cover cost of replacement and extension of watermains.

Total combined cost of the four projects is $2,478,265.

The Illinois EPA's loan funds provide money for drinking water and wastewater projects, at approximately half the interest rate of loans on the conventional bond market. Repayments go back into the loan funds to support future loans to other applicants.


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