Lamar: Colorado Water Resources and Power Development Authority runs out of dough
September 30, 2009
From the Lamar Ledger (Aaron Burnett):
One month after opening bids for a major waste water improvement project, the city of Lamar will likely be shelving the project through at least the end of the year. Funding for the project, which was intended to replace the waste water system’s main lift station, dried up this past week when the Colorado Water Resources and Power. Development Authority (CWRPDA) informed city staff that the authority would not be able to offer a loan for the project in 2009. The city had applied for and been approved for up to $2 million in loan funds from the authority and was notified as late as August that the loan would be in place for 2009. City Administrator Ron Stock informed the council during its Monday evening meeting that staff had explored alternative funding sources, but had yet to identify one that would prove practical for the project.
More wastewater converage here.
