PUBLIC INTEREST CENTER, (614) 644-2160
MEDIA CONTACT: Dina Pierce
CITIZEN CONTACT: Kristopher Weiss
Toronto Preparing Drinking Water Plan with Financing from Ohio EPA
Toronto is developing an asset management plan for the city’s public drinking water system in a project financed with an interest-free loan from Ohio EPA.
The asset management plan will help the city manage its drinking water infrastructure to maintain or improve the level of service at a sustainable total cost.
Created in 1998, the Water Supply Revolving Loan Account (WSRLA) provides below-market interest rate loans for compliance-related improvements for community water systems and nonprofit, non-community public water systems. The city is receiving a $20,170 loan from Ohio EPA. In addition to being interest free, $10,000 of the loan principal will be forgiven. This will save Toronto about $12,000 when compared to a market rate loan.
Projects eligible for WSRLA funding include design and construction loans for new, replaced, rehabilitated, upgraded or expanded water treatment plants and their components. In addition, the WSRLA can provide technical assistance to public drinking water systems in a variety of areas from the planning, design and construction of improvements to enhancing the technical, managerial and financial capacity of these systems.
Ohio EPA’s revolving loan funds are partially supported by federal grants and designed to last indefinitely through repayment of loans and investments in bonds. The WSRLA is managed by Ohio EPA’s Division of Environmental and Financial Assistance with assistance from the Ohio Water Development Authority. Ohio EPA is responsible for program development and implementation, individual project coordination, and environmental and other technical reviews or approvals of projects seeking funds. The Ohio Water Development Authority provides financial management of the fund.
More information about the WSRLA is available at: epa.ohio.gov/defa/EnvironmentalandFinancialAssistance.aspx.
The Ohio Environmental Protection Agency was created in 1972 to consolidate efforts to protect and improve air quality, water quality and waste management in Ohio. Since then, air pollutants dropped by as much as 90 percent; large rivers meeting standards improved from 21 percent to 89 percent; and hundreds of polluting, open dumps were replaced with engineered landfills and an increased emphasis on waste reduction and recycling.