Palm Coast Will Borrow $30 Million to Build New Sewer Plant, Pledging No Rate Increase For 5 YearsFebruary 26, 2015 | FlaglerLive | 7 CommentsThe new plant would be financed with a 20-year loan at less than 1 percent interest, and the city’s total debt load would rise to around $200 million. It also depends on steady growth in coming years.