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On February 20, 2014, HPUD held a public meeting to discuss a proposed project to add sewer overflow storage tanks to the HPUD system as one of the cost-effective ways to reduce Sanitary Sewer Overflows (SSOs). Since August 2004, HPUD has been under a Commissioner’s Order issued by the Tennessee Department of Environment and Conservation (TDEC), which requires the elimination of SSOs.
The initial phase of the project includes plans to construct a storage tank located on the property owned by HPUD on Dry Gap Pike. Funding for the project will consist of borrowing $8.1 Million from the State’s Revolving Fund (SRF) Program, to be financed over 20 years at a 1.74% interest rate, including $200,000 in principal forgiveness.
There will be no immediate impact to customers as HPUD‘s Board of Commissioners recently approved a FY 2015 budget with no increase in the water and sewer rates. Future impact is for this project is expected to be about 2%, which would be an increase of approximately $1.46 on the average customer’s utility bill.
For more information about this project, you can view the presentation from that meeting, by either clicking on the presentation above, or click here.