The Heceta Water District will get not only a low interest loan to help repair key infrastructure, but they’ll also get a sizeable grant to go with it. District manager Scott Meyer said they recently learned they won a $1.8-million loan… at one percent interest… from the state’s Safe Drinking Water Revolving Loan Fund. The money will be used to replace lines and other infrastructure in the northern end of the district.
But, he says, they won’t have to pay the entire amount back. The same authority also provided Heceta with a $723-thousand grant to effectively reduce the loan to $1.1-million. Meyer said a rate increase enacted two years ago will cover the costs.
