PFA-Notice of Public Funding-Tower/WTP

The Minnesota Public Facilities Authority (PFA) provides financing and technical assistance to help communities build public infrastructure that protects public health and the environment and promotes economic growth.

Drinking Water Revolving Fund (also known as the Drinking Water State Revolving Fund or DWSRF) : The DWSRF is supported by federal capitalization grants from the U.S. Environmental Protection Agency and state matching funds. These funds, together with PFA revenue bond proceeds, are used to make low interest loans to cities throughout the state for drinking water infrastructure projects. Loan repayments revolve back to make new loans, providing a permanent source of low-interest capital to help cities finance drinking water infrastructure projects. Since its start in 1999, Minnesota's DWSRF has awarded more than 433 loans for over $982 million, providing over $188 million in interest savings to local governments and their taxpayers. A portion of federal DWSRF funds are provided as principal forgiveness grants based on established affordability criteria.

October 10, 2023, the MN Public Facilities Authority awarded the City of Zimmerman $10,791,390 to be repaid over 20 years at 2.458%. An estimated savings to recipient is $1,863,243