|October 12 2017 Newsletter||(888) 516 9594|
|Thirty-Five Year Utility Financing Option|
Umbaugh completed the first financing through the Indiana State Revolving Fund’s (SRF) new program that allows for up to a 35-year repayment period for pipe components of utility improvement projects. The Town of Michigantown was the first to finance the pipe components of their sewer project with the new SRF program. The repayment of the pipe components of their project, which totaled $274,000 of the overall $1,156,000 project, allowed the community to save each sewer customer over $4.50 on their monthly bill.
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