The Village of Logan has been approved for more than $8 million in federal funding for a waste water project, U.S. senators Jeff Bingaman and Pete Dominici, announced this week in press releases. The funds are comprised of a $4.34 million low-interest loan and a $4.08 million grant from the federal government.
Logan will use the funds to extend the public sewer system to areas currently not served, the release said. The village is also working proactively to prevent sewer contamination at Ute Lake, the release said.
Village manager Larry Wallin was not available for comment.
Funds were provided through the U.S. Department of Agriculture’s Rural Development Program.
The loan will be paid back over 40 years at an interest rate of 4.125 percent.
Ensenada in Rio Arriba County will also receive a grant of $800,427 as well as a $369,000 loan. The town will use the funds to improve the existing water distribution system by drilling a new supply well and installing a new water storage tank, the release said.
Rural Development funds are provided to rural communities to spur economic development and community infrastructure.
For more information, visit http://www.rurdev.usda.gov/rd/index.html.