Colchester, IL, Mar 18, 2013 -- Rural Development
233 S. Soangetaha Road
Galesburg, IL 61401
Contact: Trish Yeager (309) 342-5138
USDA Helps West Prairie Water CO-OP Reach More Customers
Colchester, IL, March , 2013 – Representatives of the West Prairie Water CO-OP met in the office of attorney Charles Burton in Rushville to close their loan with the U.S. Department of Agriculture (USDA) Rural Development for the construction of approximately 95 miles of water line. The federal funding will allow the non-profit water cooperative, headquartered in Colchester, to provide safe water to about 236 additional households in Bethel, Industry and Scotland townships in McDonough County. USDA remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.
Funding for the project totaled $3,191,200, consisting of a $2,192,000 loan and a grant for $999,200. The loan is payable over 40 years at 2.50 percent interest. The new water lines will alleviate the area’s health and safety concerns associated with the contaminated wells in the cooperative’s service area.
USDA Rural Development also helped to finance the first and second phases of the West Prairie’s water distribution system which provided safe water to residents of Colchester, Tennessee, Hire, Emmett and LaMoine Townships. When Phase III is completed, the cooperative expects to be serving more than 800 households.
Residents whose wells are contaminated with E. coli bacteria or nitrates and who have been forced to haul water are very pleased to have the option of connecting to a safe and reliable source of water. “A safe, reliable supply of drinking water is crucial to the quality of life in any community,” said Colleen Callahan, Illinois Director for USDA Rural Development. “We’re glad our funding can help guarantee a good quality of life in this area."
USDA, through its Rural Development mission area, has an active portfolio of more than $181 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. More information on USDA Rural Development programs is available on the web at www.rurdev.usda.gov/il.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $700 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.