Pope Zeigler leads effort to finance wastewater plant
The City of Cayce operates a regional wastewater treatment plant that serves its own rapidly developing service area in the South Carolina's Midlands, along with those of the Town of Lexington and the Lexington County Water and Sewer Commission. Cayce’s treatment plant was at the end of its useful life and needed replacement and expansion to meet the ongoing needs of the area.
To build a new, 25.0 mgd plant, Pope Zeigler founding member Margaret Pope worked with Cayce to structure a 30-year, fixed-rate loan of $37 million from the State Revolving Fund. Obtaining the loan required Margaret to work closely with the general counsel for Cayce and with the attorneys for Lexington and the Commission to negotiate long-term sewer service agreements. Belton Zeigler brought his utility rate-making experience to bear as needed to assist the team.
Pope Zeigler then helped negotiate agreements for Lexington and the Commission to fund their share of capital for the new project. The team was able to complete these complex negotiations in time to capitalize on favorable construction pricing that reduced the cost of the facility by more than $15 million.
To build a new, 25.0 mgd plant, Pope Zeigler founding member Margaret Pope worked with Cayce to structure a 30-year, fixed-rate loan of $37 million from the State Revolving Fund. Obtaining the loan required Margaret to work closely with the general counsel for Cayce and with the attorneys for Lexington and the Commission to negotiate long-term sewer service agreements. Belton Zeigler brought his utility rate-making experience to bear as needed to assist the team.
Pope Zeigler then helped negotiate agreements for Lexington and the Commission to fund their share of capital for the new project. The team was able to complete these complex negotiations in time to capitalize on favorable construction pricing that reduced the cost of the facility by more than $15 million.
The result is that a new $65.9 million regional treatment plant is being built that should protect the environment and serve the needs of Lexington County for decades.