November 11, 2015 Edition

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ARNC approves loan for Imboden

The Arkansas Natural Resources Commission has announced its approval of a deferred loan from the Water, Sewer and Solid Waste Fund to the city of Imboden.

The announcement was made Monday by commission chairman David Feilke. The loan, which is in an amount up to $51,500, is for 12 years with a repayment schedule of 10 years at 2.75 percent interest.

According to Feilke, the commission also approved a grant in an amount up to $50,000 from the same fund.

"These funds will be used to rehabilitate and upgrade a 100,000 gallon elevated-water storage tank," said Mark Bennett, ANRC Water Development Division manager.

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