|BG gets loan, grant for water tower|
|Written by Sentinel-Tribune Staff|
|Wednesday, 14 August 2013 09:32|
Ohio EPA has announced that Bowling Green has received a $3.57 million low-interest loan for the new water tower it is planning to construct on West Newton Road.
Ohio's Water Supply Revolving Loan Account provides loans s below market rate. Over the 20-year life of the loan, the city will save an estimated $781,400 when compared to the market rate.
Bowling Green plans to replace the 500,000 gallon Manville Tower with a 1.5-million-gallon water tank on a 0.95-acre parcel of land across Newton Road from Bellard Business Park.
In addition to the WSRLA loan, the $3.86 million project is receiving a $284,360 grant from the Ohio Public Works Commission.
Director of Utilities Brian O'Connell said the project will be completed by August 2015.
The city has chosen a composite design for the tower, similar to one being constructed at Perrysburg between Ohio 25 and Interstate 75. O'Connell said the compsite construction is $400,000 to $500,000 less expensive than all steel towers.
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