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March 8, 2011GALLATIN, MO | By: Compton
The city of Gallatin is moving closer to finalizing the financing for a new water plant.
City administrator, Zac Johnson, says they are still in the financial planning stage, but plans to have the project up for bid this Fall. Johnson informed city council the request to the USDA totaled $800,000 and the grants from the community development block grant totaled $500,000. That total of 1.3 million dollars in grants leaves 3.3 million dollars to be financed with a 2.5% loan over 33 years.