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City votes on $36.5m treatment plant loan
Council also passes sports complex referendum ordinance
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A unanimous vote to seek a $36.5 million loan to construct a S.C. Department of Health and Environmental Control (DHEC)-mandated wastewater treatment plant and a split vote to award a more than $34 million construction bid to build the plant were the highlights of one of the longest Camden City Council meetings on record Tuesday evening. The work session began at 5 p.m.; the regular meeting ended after 9:15 p.m. Four council members, with Councilman Willard Polk absent, voted unanimously to take out the $36.5 million loan from the State Water Pollution Control Revolving Fund (SRF) at 2.25 percent for 20 years. If the ordinance passes on second reading in two weeks, the loan will translate into annual debt service of $2.27 million to be paid in quarterly installments.