|(SEPTEMBER 13, 2011) OVER $4.1 MILLION IN USDA RURAL DEVELOPMENT FUNDING TO THE CITY OF GALLATIN FOR WATER SYSTEM IMPROVEMENTS|
|Gallatin, Missouri, Sep 13, 2011
@@Anita J. (Janie) Dunning, Missouri State Director for USDA Rural Development, presented a Certificate of Congratulations to the City of Gallatin on Tuesday, September 13, 2011 in recognition of funding the City has received.
The funding for the water system improvements consist of a $3.296 million loan and a grant of $819,490 through the USDA Rural Development’s Water and Environmental Program. These funds will be used to construct a new water treatment plant that will insure a potable water supply to the 1,789 residents of Gallatin and to Daviess PWSD #2, who purchases water from the City. These improvements will address much needed maintenance and operational issues with the City’s existing older water treatment plant.
“Having an environmentally safe water system is important and I commend all the partners for their hard work in making this project a reality,” said Dunning. “I am pleased that the residents of the City of Gallatin will benefit from a substantially improved water system.”
“The new water treatment plant will insure that a safe and adequate water supply will be available to Gallatin’s residents, businesses and the water district,” said Gallatin Mayor Barbara Ballew. “This project will allow for an efficient and economical public water system. The City of Gallatin would like to thank our elected officials for their support of these projects and the financial assistance available through USDA Rural Development. We would also like to thank City Administrator Zac Johnson for his dedication and work in securing the funding.”
Lance Rains, Community Development Coordinator, with the Green Hills Regional Planning Commission located in Trenton is assisting the City in their efforts to secure $500,000 of additional grant funds through the Community Development Block Grant Program (CDBG). The Missouri Department of Economic Development administers CDBG funds to eligible applicants that are at least 51% Low to Moderate in income. Snyder and Associates, Engineers and Planners LLC of St. Joseph are the engineers for the project.
By obtaining Rural Development financing, a fixed interest rate of 2.875% with a 35-year repayment term was secured for the $3.296 million loan for the water system improvements. USDA Rural Development’s Water and Environmental Programs are available to eligible entity’s to provide financing for public water and sanitary sewer facilities for rural residents.
Dunning added, “Special thanks are extended to our federal elected officials for making available the federal funds for these kinds of projects. This project mirrors President Obama’s initiative and exemplifies the Rural Development mission – committed to the future of rural communities.”
USDA Rural Development’s mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life for rural residents. Rural Development provides funding and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure. Anyone seeking more information about the water and environmental programs, or any other USDA Rural Development programs, may visit the Missouri’s homepage at http://www.rurdev.usda.gov/mo/ or by contacting the St. Joseph Rural Development Area Office, 3915 Oakland Avenue, St. Joseph, MO 64506 or by calling (816) 364 – 3767 (extension #4).
“Committed to the future of rural communities.”
“USDA is an equal opportunity provider, employer and lender.”
To file a complaint of discrimination write USDA, Director, Office of Civil Rights, 1400 Independence Ave., S.W.,
Washington, DC 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).