The Town of Bethel, with the assistance of KC Engineering and Land Surveying, P.C. (KC) as Town of Bethel Town Engineers, has successfully applied for and received two zero-interest loans from the Clean Water State Revolving Fund (CWSRF) section of the New York State Environmental Facilities Corporation (NYSEFC) for the Town.
This refinancing of approximately $3.5 million in loans, which are presently at market rates and will now be interest-free for up to 30 years, will allow the Town of Bethel to realize important savings on 2 critical projects for the Town’s wastewater infrastructure.
The first project is the Phases 1 and 2 rehabilitation of the Kauneonga Lake Sewer Collection System, which was constructed in the 1940s and is in need of repair. The second project is the construction of a new septage receiving station to supplement the Town’s wastewater plant’s organic processes and bring the plant up to optimal working condition. Both projects were designed and constructed by KC, and the loans are expected to close in December of this year.
“This critical funding from the NYSEFC will allow the Town of Bethel to complete projects needed to ensure that our community has an affordable, sturdy, and sustainable wastewater system that will last for generations,” said Town of Bethel Supervisor Mr. Daniel Sturm.