Price's $15.3 million spring water line: $4.56 million forgiven, $10.6 million state loan
State records describe Price's planned replacement of seven miles of spring water transmission pipeline at an estimated $15,297,000, funded mostly by a $10,638,000 state revolving fund loan and $4,559,000 in principal forgiveness. The council approved the principal forgiveness agreement in January.
Continuing storyPrice: electric transfer, storm water budget and spring water line
Price plans to replace seven miles of culinary water transmission pipeline from its springs, according to a September 2026 environmental document from the Utah Division of Drinking Water. The division says the project is needed for the city to meet current and future demand for drinking water. [1]
The division lists a total estimated cost of $15,297,000. [1]
How it would be paid for
The division's document lists three sources: a federal Drinking Water State Revolving Fund loan of $10,638,000 at 2% for 30 years, $4,559,000 in principal forgiveness, which it calls a grant, and a $100,000 contribution from the city. [1]
The document calls it a proposed Drinking Water Board project. It excludes the project from further environmental review and takes effect when published, on or about Sept. 3, 2026. [1]
The January vote
On Jan. 14, 2026, Councilmember Richardson moved to approve a principal forgiveness loan agreement with the Division of Drinking Water for $4,559,000 for replacement of the city's aging spring water transmission line. Councilmember Miller seconded, and the motion carried, according to the minutes. [2]
Staff said the division was allowing the city to close on the principal forgiveness loan so it could buy pipe at current prices, the minutes say. The minutes record no action on the $10,638,000 loan. [2]
In the budget
The fiscal 2027 water/sewer budget lists $15,197,000 on a line labeled DWB grant/loan-federal, the same as the fiscal 2026 estimate. That equals the loan and principal forgiveness in the division's document. [3][1]
On the spending side, the budget lists $15,282,000 for the water transmission line in fiscal 2027; the fiscal 2026 estimate was $15,297,000. [4]
The same fund budgets $572,000 for debt retirement principal in fiscal 2027. The budget does not say which debts that covers. [4]
The loan amount is the state's listed financing for a proposed project, not a confirmed balance owed. Budget figures for fiscal 2026 and 2027 are separate plans and are not added together.
Sources
- Utah Division of Drinking Water · Categorical exclusion, Price spring transmission line replacement (Sept. 2026) utah.gov
- Price City Council · Jan. 14, 2026 minutes utah.gov
- Price Municipal Corporation · FY2027 approved budget (Utah State Budget Report), Water/Sewer Fund revenues priceutah.gov
- Price Municipal Corporation · FY2027 approved budget (Utah State Budget Report), Water/Sewer Fund expenditures priceutah.gov
Reporting by The Utah Ledger from the public records above. AI-assisted; paragraphs link to their sources.
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