“It’s an incredible amount of money”

“It’s an incredible amount of money”
0630, Fri.,
17 April 2015..lrm

For a retail water supplier, such as Pioneer Rural Water District, $16.5 million is a lot of money. Pioneer board member Eddie Grant calls $16.5 million “an incredible amount,” but he believes the water district is making the right move to borrow the sum to finance the construction of its water treatment plant. Pioneer officials signed the papers yesterday committing to a 40-year loan through the U-S Department of Agriculture Rural Development and the payback provisions that come with it. Grant and the rest of the Pioneer board are pursuing the treatment plant as a way to control costs of the water they now acquire through wholesale arrangements with the cities of Seneca and Westminster.