Utah Board of Water Resources Board Meeting Agenda Packet June 2024
Monroe City Secondary Meter Project Up for Approval
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Description
Monroe City is recommended for a $780,000 loan as part of a $2.94M project to install over 800 secondary and agricultural water meters, to be repaid over 15 years at 1%.
Contract Details
Contract Amount
$2,940,000 (Board loan up to $780,000; $2.022M grant)
Vendor
MONROE CITY
Agency
Utah Division of Water Resources, UT
Contract Type
EQUIPMENT
Document Date
June 20, 2024
Contract Term
15 years, 1% interest, annual payments approx. $61,000 (including reserves)
Renewal Date
2039-06-20
Renewal Info
Board purchase contract, 15-year repayment term.
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APPROVEDSevier County Commission Minutes April 2024
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