The City of Perham has been approved for a $784,850 loan to rehabilitate the city sanitary sewer at Second Avenue and Third Street.
The money is part of just over $36 million in grant and loan funding by the Minnesota Public Facilities Authority for water infrastructure projects in Minnesota.
Ortonville, De Graff, Columbia Heights and Little Falls were also approved for funding, according to a news release from the PFA.
The Perham sanitary sewer work is part of a larger city street and utility project, according to the release. Funding for this project comes from a CWRF loan of $784,850. This 15-year-loan at 1% is expected to save $47,322 when compared to market-rate financing, according to the release.
The PFA helps communities build and maintain public infrastructure, according to the release. Since its inception in 1987 the PFA has financed $4.5 billion in public infrastructure projects in communities throughout Minnesota.