More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Clayton Borough recently completed the construction of a 750,000 gallon elevated water storage tank as well as repairs to two existing water tanks. The project is being funded with $2.8 million of loans from the NJEIFP, a joint funding program of the DEP and the NJEIT. Since the project serves a population of 10,000 or less, the Borough qualified for a NANO loan, including $369,000 of principal forgiveness. Total savings to rate payers, including interest cost savings, is estimated to be $1,097,000. The Borough also received a $2.393 million funding package from the US Department of Agriculture (RDA) to fund the project that includes $596,000 of grant funds.
The additional storage volume created by the project allows the Borough's wells to function more efficiently, relying less on the aquifer, reduces the need for an additional well in emergencies, and increases the growth capacity of the Borough.
Picture courtesy of Clayton Borough.