Trina Baughn
After more than an hour of discussion, the Oak Ridge City Council on Monday approved the borrowing of $18 million in low-interest state loans to help pay for a $23 million project to fix the municipal sewer system.
Council voted 6-1 to borrow the money at a 1.23 percent interest rate through the State Revolving Fund program, which is administered by the Tennessee Department of Environment and Conservation.
The work is being done to comply with a U.S. Environmental Protection Agency order that requires Oak Ridge to repair all sewer system overflows by Sept. 28, 2015.
