Paa-Ko Communities Sewer Association June Update

We have now been working with MolzenCorbin for 6 months on the PED for our system to define the required upgrades required over the next decade. This was scheduled for completion by July 1 but will now require another 2 months. This is being worked in conjunction with the State Construction Committee and will be funded with a combination of loans and Grants by the State. This study costs $111,000 and is being funded by 50% loan at 1% and 50% Grant. It is anticipated that the projects required by the study will be funded in a similar fashion.
 
In the mean time,  one of the essential pumps in the collection system has failed and must be replaced as soon as possible. The State is therefore funding the $50,000 required with a $25000 Grant and $25000 20-year loan at 1% interest. We hope to complete this effort by August.