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Water treatment plant cost tops $14 mln

Water treatment plant cost tops $14 mln

The Olney City Council voted unanimously to approve plans for a new water treatment plant that will cost $14.4 million -- nearly $1 million more than called for in the original budget. The overage stems from a delay of several months in getting approval for the plant from the Texas Commission on Environmental Quality. However, that delay allowed the City’s $13.5 million revenue bonds - now drawing nearly 5 percent interest - to accrue nearly the entire cost of the overage, City Secretary Tammy Hourigan told the Council at its Aug. 14 meeting.

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