Grant:    $1,500,000
Loan:     $4,200,000

Total:    $5,700,000

Outline of Need:

The Town of Jonesborough, the oldest town in Tennessee, is a living community restored to its 19th century look and offers a glimpse into two hundred years of history. They are also known as, "the little town with a big story," which refers to the National Storytelling Festival that Jonesborough has hosted since its inception in 1973. The Town of Jonesborough is planning a water and wastewater renovation project totaling $7,100,000. This project will be funded with $5,700,000 in Rural Development funds and $1,400,000 from the Economic Development Administration. The entire project will consist of two water system improvement projects and three wastewater improvements projects. The first water project will replace an existing 24-inch waterline on Persimmon Ridge Road for a total estimated cost of $1,600,000. The second water project will be to construct a 2 million-gallon concrete water tank for a projected cost of 1,200,000. The first and second wastewater projects will be to install and replace sewer interceptor lines and to make improvements to the wastewater treatment plant. The total for these two projects will be $3,500,000, which include the $1,400,000 in Economic Development Administration funding. The third wastewater project will be to construct a new 15-inch interceptor sewer line.