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.
