Kannapolis eyes federal funds for pump station
Published 12:00 am Tuesday, December 1, 2009
Kannapolis City Council eyes federal funds for pump station By Emily Ford
KANNAPOLIS ó Kannapolis City Council will consider at a meeting Monday night using federal stimulus funds to help pay for electrical system improvements to a water pump station.
Council meets at 6 p.m. at the train station.
City officials learned Oct. 26 that the Second Creek Pump Station Project has been approved for low interest loans in conjunction with the American Recovery and Reinvestment Act.
The project consists of electrical system improvements to the pump station supplementing Kannapolis Lake.
Council had included the improvements in the past budget year but postponed construction when the economy faltered. City staff then submitted the improvements as a possible stimulus project.
The city has been approved for $300,000 in Drinking Water State Revolving Fund low interest loans for 20 years at 2.5 percent interest. In conjunction with the American Recovery and Reinvestment Act, the city is eligible for 50 percent loan forgiveness and 0 percent interest on the remaining $150,000.
Council will also hear a report from City Manager Mike Legg.