The City of Bandera is set to seek financial assistance through the Texas Water Development Board Clean Water State Revolving Fund for the relocation of its wastewater treatment facility. The move comes after the city received a citation from the state due to the current facility, constructed in 1978, being situated in the floodway.
The TWDB fund, designed to offer low-cost financing for water and wastewater projects, extended an invitation to the city on Nov. 29, 2023. Jonathan Teafatiller of Ardurra Engineering and Ben Rosenberg of US Capitol City Advisors guided the application process. The city is eligible to request a loan/bond commitment, with a potential principal forgiveness amount of up to $10 million. The estimated total project cost is $15,379,560.
Jonathan Teafatiller informed the Bandera City Council that the city successfully secured a spot in the top 13 out of 200 applicants this year after multiple attempts. The full application is due by Jan. 29. Following submission, TWDB staff will review the documents, a process anticipated to take three to four months. If approved, a commitment for a loan and principal forgiveness packet is expected to be extended. Should the city accept the offer, it will have up to one year to close on the loan, according to Ben Rosenberg.
The TWDB currently has $56 million available for distribution, while project requests amount to $2 billion.
