Here’s a look at the complicated financing web that the town of Pagosa Springs in trying to spin to fund their new wastewater treatement plant from, Jim McQuiggin writing for the Pagosa Sun). Here’s an excerpt:
In early 2010, the town’s fortunes changed. Personnel changes at the USDA created a friendlier environment for the [Pagosa Springs Sanitation and General Improvement District] and it was suggested that the board take a second bite at the apple. Submitting preliminary paperwork to the USDA last spring, both Mitchem and PSSGID Supervisor Phil Starks presented an optimistic picture to the board. Given details of a report that was seemingly positive as far as its potential return on investment, the board gave Mitchem and Starks the green light to renew the pursuit of USDA funding. Mitchem could not say how much money the USDA might provide for the new facility. When asked if the funding would meet the almost $6 million price tag previously estimated for the project, Mitchem responded, “The real answer is, we don’t know yet and we won’t know yet.”