Harris, Iowa — The City of Harris is one of fifteen Iowa cities that will benefit from a combined total of more than $9.1 million in low-cost water quality loans through the State Revolving Loan Fund.
The City of Harris has been awarded a Sewer System Planning and Development Loan of up to $192,000. Harris City Clerk Holly Wilson tells us more.
She tells us what the loan can be used for.
Wilson talks about how the loan works.
The Planning and Development Loans are zero-percent interest loans that are designed to assist with the first phase of project expenses. The Iowa Finance Authority and the Iowa Department of Natural Resources jointly administer the State Revolving Loan Fund in Iowa.
Once the planning and development work is done, the City of Harris can apply for a low-cost State Revolving Fund Construction Loan to help pay for the construction of the project.
Several weeks ago the Osceola County Board of Supervisors, in a controversial move, voted to allocate Tax Increment Financing dollars to help pay for the Harris Sewer project.