ST. PAUL, Minn. (WKBT) — The city of Caledonia has been selected to receive a $1.28 million grant from the Minnesota Public Facilities Authority to improve the city’s drinking water infrastructure.
The 20-year loan will allow Caledonia to move forward on the construction of Wellhouse No. 8, associated wellhead improvements and a water main, as well as installing a natural gas generator, State Sen. Jeremy Miller, R-Winona, said in announcing the 20-year PFA loan.
The loan will save local taxpayers almost $12,000 in interest compared with market-rate alternatives, Miller said.
“I know how hard local leaders have been working to make this a reality,” he said.
The state PFA provides financing and technical assistance to help communities build and maintain infrastructure that protects public health and the environment and promotes economic growth.
The agency oversees three revolving loan funds and other programs that help local units of government construct facilities for clean water, drinking water and transportation infrastructure projects.
The PFA has financed more than 1,300 projects in almost 600 communities throughout Minnesota since 1990.
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