City Slated to Extend Plumbing Replacement Loan Program

City Slated to Extend Plumbing Replacement Loan Program

City staff is recommending that city commissioners vote to expand the City’s Water and Sewer Loans program to include a Whole House Plumbing Replacement program available to residential water utility customers.

The reason for the program is the impact of the city’s aging water infrastructure. When the system fails -which is happening more frequently – property owners are responsible for the cost of maintenance and repairs and these costs can often be a burden to property owners.

The program will be provided through a revolving loan fund and administered by Customer Operations as a component of the Water and Sewer Loans program.

Loans will be available on a first come, first serve basis upon implementation of the program. Installment loans are offered at a fixed 5% interest rate, up to 5-years financing and loan amounts can range from $500 to $10,000 to residential water utility customers only. Payments are billed via the customer’s monthly utility statement. Also, a promissory note will be required, and a lien placed on the property.

At the November 8, 2017 City Commission meeting, the Commission authorized an expansion of the City’s Water and Sewer Loans program to include a Whole House Plumbing Replacement pilot program beginning November 9, 2017 and ending September 30, 2018 to financially assist customers with the replacement of failing water pipes in private homes.

This pilot program ran from November 9, 2017 through September 30, 2018 and was deemed a success based on successful assistance of three property owners for a total amount of $12,000.

The pilot program has now expired and staff is seeking approval to continue the program as an ongoing loan measure to residential water utility customers.

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3 Responses to "City Slated to Extend Plumbing Replacement Loan Program"

  1. Rooter City Hall   March 25, 2019 at 4:19 pm

    Let’s start with City Hall replumbing program; their plumbing failed in about 2013 and has been way-backed up ever since. Is this why Tadros sent his workers into raw sewage….?
    So – Who owned these three homes in the ‘pilot’ study…?

    Reply
  2. David   March 27, 2019 at 12:36 pm

    The “reason” for the program stated in your report is incorrect. It is not the impact of the city’s aging water infrastructure, but rather the property owner’s aging plumbing systems. And yes, when it fails, it is the property owner’s are responsible for the cost of the repairs, which can be a tremendous financial burden.

    Plumbing systems built in the 1940s through 1960s are reaching the end of their useful service life. Even plumbing systems built in the 1970s may be near the point of failure, depending on the materials used during construction and how the system has been maintained throughout the years.

    Rarely is household plumbing system maintenance ever considered by homeowners until their is a problem. It is the perfect example of “out-of-sight, out-of-mind.” When was the last time you checked your plumbing, or your pressure reducing valve, or had your water heater serviced?

    The City’s low-interest loan program is a way for the City’s residential water customers to proactively address potentially serious problems. Hopefully, before a catastrophic pluming failure occurs in their homes.

    Reply
  3. dave   March 27, 2019 at 2:40 pm

    In ONE YEAR you only had three property owners for a total amount of $12,000 take advantage of this Program and you call it a Success? WOW.

    Reply

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