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State Issues Loans Totaling $17.8 Million for Fayetteville Water Improvements

The City of Fayetteville will receive three state loans totaling $17.8 million for the City of Fayetteville to improve water infrastructure.

The City of Fayetteville will receive a loan of $15.2 million from the Drinking Water State Revolving Fund Loan Program for the replacement of aging waterlines. The loan has a 20-year term at 2.3 percent interest. The city received $7.5 million in principal forgiveness, with the remainder of the loan amount to be paid back as principal.

Fayetteville received a separate loan for $1.8 million from the Drinking Water State Revolving Fund Loan Program for water treatment plant improvements. The loan has a 20-year term at 2.3 percent interest. The city received $1.26 million in principal forgiveness, with the remainder of the loan amount to be paid back as principal.

Another loan for Fayetteville is $800,000 from the Drinking Water State Revolving Fund Loan Program for water treatment plant expansion. The loan has a five-year term at 2.1 percent interest. The city received $250,000 in principal forgiveness, with the remainder of the loan amount to be paid back as principal.

Lucky Knott

Lucky Knott

One of Southern Tennessee's most experienced and recognized news broadcasters and play-by-play sportscasters. News and Sports Director for Rooster 101.5 FM, 93.9 The Duck and Whiskey Country 105.1, and 95.9. He is currently the play-by-play voice of the Coffee County Red Raiders (31 years) on The Rooster 101.5 and can be heard M-F broadcasting our local news. Lucky has done play-by-play for 3,932 (and counting) sports events on Radio & TV. He also served four years as the Public Information Officer for the Coffee Co. Sheriff's Dept. and taught Radio/TV for six years at Grundy County High School.

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