Everman gets $3M from Texas Water Development Board

The Texas Water Development Board (TWDB) approved by resolution financial assistance to the City of Everman in the amount of $3 million Nov. 21.

The assistance consists of a $2,700,000 loan and $300,000 in loan forgiveness from the Drinking Water State Revolving Fund.

TWDB said in a news release that Everman will use the assistance to finance design and construction costs associated with water system improvements.

In addition to the loan forgiveness, the city could save approximately $325,460 over the life of the loan by using the Drinking Water State Revolving Fund, the release said.

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Everman will use the money to replace aging water lines, which will improve service and reduce water loss.

The TWDB is the state agency charged with collecting and disseminating water-related data, assisting with regional planning, and preparing the state water plan for the development of the state’s water resources.

The TWDB administers cost-effective financial assistance programs for the construction of water supply, wastewater treatment, flood control, and agricultural water conservation projects, the news release said.