Lakeside Receives State Loan

Ten Iowa communities… including Lakeside… were recently awarded a combined total of 23-and-a-half million dollars in low-interest loans for water quality projects through the State Revolving Fund.

Lakeside is receiving 91-thousand dollars for sewer system planning and design. Gilmore City is getting a 190-thousand dollar loan for drinking water planning and design. The largest loan… for nearly 21-million dollars… is going to North Liberty in eastern Iowa for sewer treatment plant improvements.
State Revolving Fund Construction Loans are a low-cost construction financing option available for water quality initiatives. Planning and Design Loans are zero percent loans that assist with the first-phase of project expenses. The Iowa Finance Authority and the Iowa Department of Natural Resources jointly administer the State Revolving Fund in Iowa.