PRWD approves borrowing resolution

September 18, 2013

Pioneer Rural Water’s board of directors approved a resolution yesterday to allow the district to borrow up to $1 million, as it goes about meeting expenses related to its project to build a treatment plant. A bond attorney, Robert Galloway, told the Pioneer board that Community First is willing to lend the money at a rate of 2.99% over ten years. Galloway said, at this point, Pioneer is not obligated to borrow all of the $1 million, but can borrow amounts to help offset treatment plant bills, such as engineering and the cost of 20 acres at the Golden Corner Commerce Park. That’s where Pioneer intends to build the plant.

Weather

Calendar

  • November 29, 2014 8:00 amBenefit for Charles Powell
  • November 29, 2014 2:00 pmRestoration Church of God will host "Pictures with Santa"
  • November 30, 2014Westminster United Methodist Church's Christmas Congregational Singing
  • December 1, 2014 6:00 pmSeneca' Christmas Parade
AEC v1.0.4