Governor Kristi Noem announced on Friday that the state Board of Water and Natural Resources has approved a $5.0 million loan from the Clean Water State Revolving Fund Program to the City of Watertown to replace its wastewater administration and operations building.
The loan will be administered through the Department of Environment and Natural Resources.
The City of Watertown is planning to construct a new, 13,000 square foot structure that will serve as a combination administration building and garage to replace existing structures. The current administration building was built in 1994 and is too small to meet the city’s ongoing needs. In addition, the building does not comply with the Americans with Disabilities Act. The garage, the oldest portion of which was built in the 1930s, is dilapidated, and is a safety hazard.
The total cost of the project is $5.57 million. The loan, along with local funds, will cover the cost of the project. Loan terms are 2.25 percent for 20 years for the Clean Water State Revolving Fund loan.
The State of South Dakota and the U.S. Environmental Protection Agency fund the Clean Water State Revolving Fund Program, which provides low-interest loans for wastewater, storm water and nonpoint source projects.