12-15-10 Board Minutes
December 15, 20101-22-2011 Board Minutes
January 22, 2011The Indiana Finance Authority’s State Revolving Fund Loan Program has provided funding to the South-West Lake Maxinkuckee Conservancy District in the amount of $2,400,000 to make needed improvements to its wastewater system.
Ted Schenberg, Vice Chairman of the Conservation District, said, “Lake Maxinkuckee is the second largest natural lake in Indiana which is enjoyed by thousands of Indian residents each year. With the completion of our wastewater system, Lake Maxinkuckee will be fully surrounded by sanitary sewers, thus ensuring the quality of this important lake for generations to come. The district and the citizens of Indiana greatly appreciate the efforts of the IFA and the SRF in helping make this project a reality.”
The loan will finance the construction of a new public sanitary sewer. the proposed collection system will utilize low pressure grinder pump technology. The project will include an upgrade of the Culver lift station with two new pumps and motors, replacement of the existing float switch system with a level transducer system, replacement of the piping within the lift station, and replacement of the control panel.
The new collection system will provide a positive means to address failing septic tanks and leaching effluent which was polluting the lake. Small lot size prevents expansion or improvements to existing septic tank systems. The collected wastewater will be pumped to the Town of Culver for treatment.
“The SRF Loan Programs provide Indiana communities with a unique opportunity to save money while addressing much-needed wastewater improvements,” said Kendra York, Finance Director of the State of Indiana. “Governor Daniels is very focused on the health of Hoosiers. We are pleased to provide an economical way for communities to offer a cleaner environment and excellent quality of life for current and future residents of our State.”
Governor Mitch Daniels created the IFA in 2005 to more effectively manage State-related financial programs such as the Wastewater and Drinking Water SRF Loan Programs under one entity. Since the inception of the IFA, the SRF Loan Programs have loaned more than $1.3 billion to local communities at below-market interest rates, saving utility customers more that $515 million in interest.
For more information about the SRF Loan Program, visit the IFA Web site at www.in.gov/ifa/srf.
Reprinted from The Culver Citizen July 2011
