Texas Water Development Board approves $2,454,100 to the City of Lexington (Lee County) for water system improvements

For immediate release. Contact: Media Relations at 512-463-5129

AUSTIN – (December 15, 2022) – The Texas Water Development Board (TWDB) today approved by resolution financial assistance in the amount of $2,454,100 to the City of Lexington (Lee County), consisting of $1,765,000 in financing and $689,100 in principal forgiveness, from the Drinking Water State Revolving Fund (DWSRF). The City will use the assistance for the planning, acquisition, design, and construction of a water system improvement project.

In addition to the loan forgiveness, the City could save approximately $1,100,000 over the life of the loan by using the DWSRF.

With the financial assistance approved today, the City will drill a new water well to replace an existing well. The City will also install a new ground storage tank, two new booster pumps, and additional equipment to meet maximum daily and peak hourly demands, minimum water system pressures, and projected water system growth.

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