Aug. 12, 2004
County helps obtain $2.8 million no-interest loan for Vashon wastewater treatment facilities
2004
Archived News
King
County Executive Ron Sims announced today that the county's work with
the Vashon Sewer District to secure funds to finance wastewater
facilities on the island has led to a no-interest 20-year loan for
$2,832,852.
 |
King
County advanced the funds to the sewer district for the cost of
building wastewater facilities at Beulah Park/Cove and Bunker Trail on
the island. This state Department of Ecology loan refinances 78 percent
of the remaining balance owed to King County with no interest.
"This
is great news for public health and ratepayers," Sims said. "Our
partnership with the Vashon Sewer District and Department of Ecology in
obtaining this loan will reduce long-term costs for our customers while
protecting water quality."
King
County assumed ownership and operation of the Vashon Treatment Plant in
November 1999. The sewer district owns and operates local systems that
collect sewage and convey it to the treatment plant and the new county
treatment system at Beulah Park Cove.
Bunker
Trail and Beulah Park/Cove were identified as health hazard areas in
1988. The county's Wastewater Treatment Division worked with the sewer
district to build and finance new wastewater facilities that transfer
wastewater from Bunker Trail to the treatment plant and to treat
wastewater on-site at Beulah Park/Cove. These facilities were finished
in October 2001, and the areas are no longer health hazards.
"This
new loan will reduce the financial burden on users in the Beulah
Park/Cove and Bunker Trail communities," said King County Councilmember
Dow Constantine, who represents Vashon Island and has been working on
the sewer rate problem for more than two years. With the new loan, the
sewer district can pay off most of its obligation to the county for the
cost of the new local facilities.
"This
loan is one of several efforts by the county to reduce the financial
burden on citizens in Beulah Park/Cove and Bunker Trail due to the cost
of new wastewater facilities," Constantine said. "At our request, U.S.
Senator Patty Murray has secured over $400,000 in federal funds to
assist these communities, and the King County Council will consider my
ordinance to reduce the interest rate on the balance of King County's
loan to the sewer district."
Dave
Nunnallee of the state Department of Ecology said: "We are pleased to
be able to participate in the Vashon Health Hazard Areas projects by
providing funding for a portion of the costs. These projects rated
highly in our annual ranking process because of the serious health
issues that existed before the facilities were constructed. Raw sewage
had been discharging onto the beaches at both the Bunker Trail and the
Cove/Beulah Park communities and into a local stream at Cove/Beulah
Park. Those problems have been eliminated by these important projects.
"The
residents of Vashon Island can be proud of the improvements they have
made," Nunnallee said, "and we are proud to be part of the process."
The
King County Wastewater Treatment Utility protects public health and
water quality by serving 18 cities, 15 sewer districts and more than
1.4 million residents in King, Snohomish and Pierce counties. The
regional public utility has been preventing water pollution for nearly
40 years.