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January 19, 2024
City of Bandera to apply for financial assistance to relocate wastewater treatment facility
By Jessica Nohealapa’ahi
The Bandera Prophet
The City of Bandera will submit an application for financial assistance from the Texas Water Development Board Clean Water State Revolving Fund, which, if approved, will help fund the relocation of the Bandera wastewater treatment facility.
The city was cited by the state because its wastewater treatment facility, built in 1978, is located in the floodway.
The TWDB fund provides low-cost financing for various water and wastewater projects. The city was invited to apply for the funding on Nov. 29, 2023, under the guidance of Jonathan Teafatiller with Ardurra Engineering, and Ben Rosenberg with US Capitol City Advisors. The city is eligible to ask for a loan/bond commitment, with a maximum principal forgiveness amount up to $10 million. The estimated total project cost is $15,379,560.
“This year made the first round,” Teafatiller told Bandera City Council members, adding the city has applied several times, and this year at last, it ranked in the top 13 out of 200 applicants.
The full application is due Jan. 29. Once received, the TWDB staff will review the documents - a process that could take three to four months, and presumably extend a commitment for a loan and principal forgiveness packet. If the city accepts the offer, it will have up to one year to close on the loan, Rosenberg said.
TWDB has $56 million to give away; $2 billion in projects have been requested. Last year, the city ranked number 31.
The city was cited by the state because its wastewater treatment facility, built in 1978, is located in the floodway.
The TWDB fund provides low-cost financing for various water and wastewater projects. The city was invited to apply for the funding on Nov. 29, 2023, under the guidance of Jonathan Teafatiller with Ardurra Engineering, and Ben Rosenberg with US Capitol City Advisors. The city is eligible to ask for a loan/bond commitment, with a maximum principal forgiveness amount up to $10 million. The estimated total project cost is $15,379,560.
“This year made the first round,” Teafatiller told Bandera City Council members, adding the city has applied several times, and this year at last, it ranked in the top 13 out of 200 applicants.
The full application is due Jan. 29. Once received, the TWDB staff will review the documents - a process that could take three to four months, and presumably extend a commitment for a loan and principal forgiveness packet. If the city accepts the offer, it will have up to one year to close on the loan, Rosenberg said.
TWDB has $56 million to give away; $2 billion in projects have been requested. Last year, the city ranked number 31.