Stimulus loan money coming to ECWCD
After spending the week in Tallahassee Supervisor Mike Welch reported to the Board of the East County Water Control District at their monthly meeting Monday night that the district will receive $2.2 million in stimulus loan money for Harns Marsh Phase I.
The Environmental Protection Agency allocated to Florida $132 million in loan funds for water projects. Welch spoke with the Secretary of the Florida Department of Environmental Protection on local water projects, he said.
This loan will finance three Harns Marsh water structures and replacement for the failed Yellowtail weirs 1a and 1b.
This will add $140,000 to the annual debt service for the 20-year loan. Exact terms of the loan were not immediately known.