$16.6 million in loans approved for SRWD
BISMARCK — The North Dakota Industrial Commission approved $16.6 million in loans Monday for the Stutsman Rural Water District to add a water tower, expand its water treatment plant and supply water to the Spiritwood industrial park.
Construction will begin this year and is expected to be completed next year. The loans also will be used to expand service in SRWD’s East District.
Developments at the Spiritwood park are having an impact in Jamestown and are expected to intensify in the coming months, partly as a result of construction crews coming into the area for the Dakota Spirit AgEnergy biorefinery under construction at Spiritwood, according to information provided to the commission.
The loans consist of $7.8 million from the state’s Drinking Water State Revolving Fund and $8.8 million from the Capital Financing Program.
User fees and water supply contracts with Great River Energy for Dakota Spirit AgEnergy and the Spiritwood Station combined heat and power plant near Jamestown will be used to repay the loans.
After the projects are completed, the SRWD anticipates its number of residential users will jump from 1,241 to 1,990, commercial users will climb from 11 to 16 users and industrial users will increase from one to three users.