American Recovery Reinvestment Act
A message from Tom Wheeler, General Manager
The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17, 2009 with the intent to stimulate economic growth, create or save millions of jobs, enhance our domestic renewable energy capacity, safeguard the well-being of our most vulnerable residents, and strengthen our national infrastructure through a variety of multibillion dollar investments. Cleveland Utilities has been awarded through a combination of American Recovery and Reinvestment Act of 2009 (ARRA) funds and Tennessee Department of Environment and Conservation Clean Water State Revolving Fund Loan funds a total of $1,359,000 for sanitary sewer collection system expansion project as described below. The project will be funded with a $815,400 loan and $543,600 in principal forgiveness that will not have to be repaid. The loan will have an interest rate of 2.11% with repayment over 20 years.
Recovery Act Awards for Cleveland Utilities:
Name of Award: Collection System Expansion of 8-Inch Diameter Gravity Sewer Lines in the I-75, Exit 20 and Westside Drive Areas.
Received From: Tennessee Department of Environment and Conservation Clean Water State Revolving Fund Loan funds.
Brief Description: Construction of approximately 10,000 feet of 8-Inch gravity sanitary sewer lines and related appurtenances.
Jobs Saved/Created: Ten Construction workers and two inspectors.
Contact Information: Philip Luce, Manager - Water Division Engineering, 423-478-9338.