From the Grand Junction Daily Sentinel (Le Roy Standish):
on Tuesday, funds from the American Recovery and Reinvestment Act were tapped to help get construction going on the wastewater treatment plant, 1480 U.S. Highway 6&50. The federal dollars are making a low-interest — 3.5 percent — loan of $5 million available to Fruita, which will allow construction to start as the 2013 deadline to have the new plant online looms. “This is the single largest construction project in the history of Fruita and it is mandated by the federal government,” Fruita Mayor Ken Henry said. The low-interest loan is being provided by the Colorado Water Resources and Power Development Authority. An injection of stimulus money from Washington is allowing the authority to offer the low-rate loan, said City Manager Clint Kinney…
The longer-term loan will be in the neighborhood of $25 million and have a 2 1/2 percent interest rate, Kinney said. Before the influx of stimulus money, the interest rate was close to 5 percent, he said.
More Coyote Gulch coverage here.