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The million dollar sewer question | Environment

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The million dollar sewer question
The million dollar sewer question

Gulfport, Florida -- Don Sopak warned council that the city’s sewers needed replacing, and Tuesday night the city heard about one of two possible programs that would help Gulfport finance what city staff calls much-needed repairs.

Mr. Sopak, the city’s public works director, presented a plan for the city in the summer of 2011. That plan, a state revolving fund, allowed the city to borrow up to $1-million and repay the loan over five years at 2.35%. Council initially agreed to borrow the money but reversed their decision in October 2011.

Tuesday night, ConEdison Solutions presented one solution. This program allows the city to borrow the money over up to 20 years. ConEd representatives told Gulfport the city would save money annually with the sewer improvements but if it did not, ConEd would pay the difference.

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