City of Anderson Council Agenda Packet 2026-06-08
City Approves $3.35M State Revolving Fund Loan for Sewer
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Description
The City of Anderson approved on first reading the borrowing of up to $3,350,341 plus interest from the South Carolina Water Quality Revolving Fund Authority for wastewater treatment plant improvements. Debt service will be repaid over 20 years from sewer system revenues.
Contract Details
Contract Amount
Not to exceed $3,350,341 plus capitalized interest (loan principal)
Vendor
SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY
Agency
Anderson Area Transportation Study, SC
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
20 years (estimated); repayments begin July 2027
Renewal Date
2047-07-01
Renewal Info
Bond ordinance specifies standard SRF loan term (20 years), with repayment starting July 2027.
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City of Anderson Council Agenda Packet 2026-06-08
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