Project Upgrade DDW/DEQ Loan
STATUS OF THE DDW/DEQ “PROJECT UPGRADE” LOAN
LDWA continues to pay down the principal of the “Project Upgrade” DDW/DEQ #3F138 Loan
WITHOUT charging additional fees or increasing rates to Shareholders.
As of Jan 11, 2018, we have paid $491,000 off the original principal amount of $1,104,000.00,
with a balance of $613,000.00 now due.
To-date, we have reduced re-payment of the loan by 9 years,
even if no additional payments are made toward the principal.
With an additional $25,000.00 paid annually on the principal, the loan will be paid off by 2025.