The Oak Ridge City Council tonight will consider applying for $18 million in two state loans to help repair all sewer system overflows by September 2015.
The two state loans are low-interest loans granted by the Tennessee Department of Environment and Conservation, and they can be used for engineering and construction costs. Oak Ridge has received two earlier loans, one in 1998 and 2002.
The sewer system project is expected to cost $23 million total. The project, which will start in east Oak Ridge and move west, will also be funded by a $2 million Tennessee Municipal Bond Fund Loan and about $3 million in future debt or an amendment of the state loans.
