YCWA to loan $8 million to Yuba County

money was invested in the county’s treasury.

“This is a win-win for both the water agency and the county,” said Terri Daly, administrative manager for the agency, in a press release. “For us, it’s an investment that earns the same amount of interest as it would invested in the county’s treasury. But our lowinterest loan allows the county to save a lot of money that can be put to the benefit of the people rather than the banks.”

The agency will pull the $8 million loan from its reserves that are invested in the Yuba County Treasury. Currently, the agency has approximately $100 million saved – something officials say is needed in order to construct future improvements, including a planned secondary spillway at New Bullards Bar Dam estimated to cost $160 million, though construction is not expected to begin until 2021.

“Yuba County has always been fortunate to have a great working relationship with the water agency,” said Robert Bendorf, Yuba County administrator. “We share the common interests in bolstering flood protection for our community and saving taxpayer dollars.”

AND

Business hours: Monday-friday, 8 a.m.-5 p.m. Main number .................... Steve Miller ...................... Andrew Cummins .............

Jake Abbott ...................... Patrick Groves .................. Josh Gutierrez .................. Jessica Hice ...................... Chris Kaufman ................. Ruby Larson ..................... Rachel Rosenbaum ...........

Andy Arrenquin ................ Sports scores ....................

Chris Kaufman, Editor .......