The City of Junction City will seek loans from the state on two major projects involving phase one improvements to the water plant and the two wastewater treatment plants.
The total project cost for the water plant project is $13,477,000 with $242,000 funded through an EPA grant, and for the combined two wastewater treatment plants the total project cost is $11,094,000.
The City Commission has authorized the loan applications.
Projected utility rate increases through the year 2024 will be determined as the project goes forward. The number range of 4% to 6.5% given during the Tuesday night City Commission meeting are utility rate increase projections for all three phases of the projects….if all three are completed in the future. Those numbers are not interest rate increases on the loans as reported in an earlier story. JC Post apologizes for the inconvenience.
