New Waterford receives $50,000+ loan for upgrades to water storage tower
NEW WATERFORD, Ohio - The Village of New Waterford will receive a loan of over $50,000 over the course of five years for upgrades to a water storage tower in the village.
The village will receive a total of $50,400 at 1.75% over the course of five years for improvements to a 200,000-gallon water storage tower on Hatcher Road in order to extend the useful life of the tower.
This funding is part of $40.7 million in financing from the Ohio Water Development Authority (OWDA) for a total of 20 projects across the state.
The aim of OWDA's Fresh Water Loan Program is to improve wastewater and drinking water infrastructure and make water quality improvements across Ohio.
21 News has reached out to the Village of New Waterford for more specific information on these upgrades. We will update this story with more information as we get it.
