Texas Water Development Board approves $3,392,958 to the City of Paducah (Cottle County) for water system improvements

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AUSTIN – (February 13, 2020) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $3,392,958, consisting of a $1,715,000 zero-interest loan and $1,677,958 in loan forgiveness from the Drinking Water State Revolving Fund, to the City of Paducah (Cottle County). The City will use the assistance to finance planning, design, and construction costs associated with water system improvements.

In addition to the loan forgiveness, the City could save approximately $682,000 over the life of the loan by using the Drinking Water State Revolving Fund.

With the assistance approved today, the City will replace the main transmission line and two sand traps, rehabilitate three ground storage tanks, and make other repairs to improve the distribution system and help diminish water loss.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning, and preparing the state water plan for the development of the state’s water resources. The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects.