PFA approves $8.77 million for Greater MN projects

Six Greater Minnesota cities were awarded $8.77 million in grants and loans from the Minnesota Public Facilities Authority (PFA) for water infrastructure and sanitary sewer improvements. Funding was approved for Bagley, Brownton, Elbow Lake, Eveleth, Waverly and Wheaton.

“Communities across Minnesota face serious water-quality challenges,” said Governor Mark Dayton. “This funding supports improvements that will give residents of Bagley, Brownton, Elbow Lake, Eveleth, Waverly, Wheaton and neighboring Greater Minnesota communities access to the safe drinking water they deserve.”

Eveleth was awarded $1.46 million. The city plans to rehabilitate its 750,000-gallon water tower with the support of a $1.46 million loan from the Drinking Water Revolving Fund. The 20-year, 1.115 percent loan will save taxpayers $241,025 compared with the cost of a conventional loan.

“Minnesota cities are addressing their waterquality needs and upgrading sanitary sewers thanks to support from the PFA,” said Shawntera Hardy, who chairs the PFA board and is commissioner of DEED. “These investments are helping to make our communities more livable for residents and attractive for business development.”

The Minnesota Public Facilities Authority provides financing and technical assistance to help communities build and maintain infrastructure that protects public health and the environment and promotes economic growth. Since inception in 1987, the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota. Read more at the PFA website.

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