Funding
The total cost of the MCRWASA water treatment plant project (including design, construction oversight and land acquisition) was approximately $27 million.
Funding for the project included:
Total of approximately $6.8 million in US Department of Agriculture (USDA) grant funding,
$18.17 million in US Department of Agriculture (USDA) loan funding
$2.013 million Drinking Water State Revolving Fund (DWSRF) loan (approximately approximately $1,610,400 of which is designated for principal forgiveness), and
$40,000 Rural Center grant.
MCRWASA sells water on a wholesale basis to the Town of Williamston, Martin County Water and Sewer District 1 and Martin County Water and Sewer District 2. Martin County Water & Sewer District I will be served by MCRWASA well #1, not the water treatment plant. The MCRWASA will NOT have any retail / residential customers.
The operational, maintenance and debt service costs of the water treatment plant and the rest of the MCRWASA system has been incorporated into the cost of wholesale water sold to the Town of Williamston, Martin County Water and Sewer District 1 and Martin County Water and Sewer District 2. The MCRWASA receives revenues through water sales to each member entity. Therefore, costs are shared equitably based on the benefits received.
Funding for the project included:
Total of approximately $6.8 million in US Department of Agriculture (USDA) grant funding,
$18.17 million in US Department of Agriculture (USDA) loan funding
$2.013 million Drinking Water State Revolving Fund (DWSRF) loan (approximately approximately $1,610,400 of which is designated for principal forgiveness), and
$40,000 Rural Center grant.
MCRWASA sells water on a wholesale basis to the Town of Williamston, Martin County Water and Sewer District 1 and Martin County Water and Sewer District 2. Martin County Water & Sewer District I will be served by MCRWASA well #1, not the water treatment plant. The MCRWASA will NOT have any retail / residential customers.
The operational, maintenance and debt service costs of the water treatment plant and the rest of the MCRWASA system has been incorporated into the cost of wholesale water sold to the Town of Williamston, Martin County Water and Sewer District 1 and Martin County Water and Sewer District 2. The MCRWASA receives revenues through water sales to each member entity. Therefore, costs are shared equitably based on the benefits received.