Loan approved for Clay Rural Water expansion The state Board of Water and Natural Resources approved a $3.6 million loan from the EPA Drinking Water State Revolving Fund loan program to the Clay Rural Water System for expansion of its water distribution system.
Gov. Mike Rounds recommended the funding, which was approved when the board met June 23 and 24 in Pierre. This $3,631,000 is in addition to a $500,000 Consolidated grant awarded to the rural water system in March for the expansion project.
Rural water system officials propose to purchase and upgrade the existing drinking water treatment plant at the Wynstone housing development to provide additional capacity and water treatment. This plant will be the primary water source for the project. The project will also include a new 200,000 gallon elevated storage tank.
The total estimated cost of the project is $4,713,000. The loan is a 3.25 percent for 30 years.
The EPA Drinking Water State Revolving Fund provides low interest loans for public drinking water system projects.