News Roundup -- Public Works secures loans/Preservation status OKd
June 9, 2008 · Updated 5:31 PM
Public Works secures loans
The city has been awarded two more ultra-low-interest loans from the state Public Works Trust Fund, officials announced this week.
A loan of $3.618 million was awarded for upgrades to the Winslow wastewater treatment plant, with a second loan of $782,000 for construction of a new decant facility for processing ditch spoils at the Vincent Road transfer station. Both projects had previously received design loans through the fund.
The loans are for 20 years at 0.5 percent interest rate.
Combined with the $5.6 million the city had been awarded earlier for construction of the south-island sewer system, Bainbridge Island hit the loan fund cap of $10 million for the biennium.
In fact, staff had to lower the amount of the wastewater plant loan to stay within the limit, said Randy Witt, city public works director.
The loans have been recommended for approval by the state Public Works Board, the fund administrators; final approval will be by the state Legislature in its 2005 legislative session.
Preservation status OKd
The city has been designated a Certified Local Government by the National Park Service and the Washington State Historic Preservation Office, under the provisions of the National Historic Preservation Act.
The initiative was created to provide assistance and grants to governments and the owners of historic properties who seek to preserve them for future generations.
The Bainbridge Island CLG program will be administered by the seven-member Historic Preservation Commission. The commission will work with property owners to create a registry of historic places and assist in applications for grants and tax relief.
For information on the preservation of historic island homes and buildings, call 780-3774.