Sewer project http://tristatesradio.com en Funding Will Advance Colchester Sewer Project http://tristatesradio.com/post/funding-will-advance-colchester-sewer-project <p>Colchester has the last and most important component to move forward with a large-scale sewer project-money.<br><br>The USDA's Rural Development program will give the city a grant of a $1.56 million and a loan of $2.35 million. The interest rate on the loan is 2.125%.<br><br>Mayor Danny Bice is glad for the money but he still thinks it will put stress on the city's finances.<br><br>He says, “We were actually hoping to get a little bit more (in the grant). We're going to have to run the numbers and make sure it's still feasible for the customers in town.”<br> Mon, 10 Sep 2012 17:10:31 +0000 James Lenz 21336 at http://tristatesradio.com Funding Will Advance Colchester Sewer Project Colchester Seeks Extension for Sewer Work http://tristatesradio.com/post/colchester-seeks-extension-sewer-work <p>Colchester is asking the U.S. Environmental Protection Agency for up to eight years to complete a large-scale sewer project.<br /><br />The city has two options to pay for the $4.2 million project.<br /><br />If the city qualifies for loans and grants through the U.S. Department of Agriculture&#39;s Rural Development program, the project might be completed in four years.<br /><br />If the project qualifies for grants through the EPA the project might take eight years. That&#39;s because the city could only apply every other year.<br /> Tue, 31 Jul 2012 20:01:54 +0000 James Lenz 19132 at http://tristatesradio.com Colchester Seeks Extension for Sewer Work Colchester Changes Plans on Sewer Project http://tristatesradio.com/post/colchester-changes-plans-sewer-project <p>Colchester planned to take nearly a decade to complete a large-scale sewer replacement project with an estimated price tag of $4.2 million.<br /><br />The city will now seek to complete the project in the next four years. The change is driven by the prospects for grant funding.<br /><br />Mayor Danny Bice says the city counted on a combination of state and federal grants to help pay for the project. It&#39;s necessary to meet federal EPA requirements.<br /><br />The city has found the funding forecast a dismal one.<br /> Tue, 26 Jun 2012 20:46:15 +0000 James Lenz 17351 at http://tristatesradio.com Colchester Changes Plans on Sewer Project