Georgia Communities Receive Infrastructure Loans Totaling $15 Million

January 28, 2014

ATLANTA – The town of Braselton, and the cities of Claxton, Elberton, Flowery Branch, Pooler, Thomaston, and Unadilla were awarded financing totaling $15,481,809 for water and wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) board of directors today. Five of the loans include water conservation activities and qualify for a reduced interest rate.

Approved Loans:

  • Braselton was awarded a $156,000 Georgia Fund loan.
  • Claxton was awarded a $1,850,000 Drinking Water State Revolving Fund (DWSRF) loan.
  • Elberton was awarded a $2,500,000 Drinking Water State Revolving Fund (DWSRF) loan.
  • Flowery Branch was awarded a $1,500,000 Clean Water State Revolving Fund (CWSRF) loan.
  • Pooler was awarded a $3,224,884 Georgia Fund standard loan and a $3,029,056 Georgia Fund water conservation loan.
  • Thomaston was awarded a $2,700,000 Drinking Water State Revolving Fund (DWSRF) loan.
  • Unadilla was awarded a $521,869 Georgia Fund loan.

Quotes:

“The water, water supply and wastewater infrastructure programs administered by GEFA assist local governments with improving their environmental infrastructure. Financing water, water supply, sewer and solid waste projects encourages economic growth and the stewardship of our environment.” – GEFA Executive Director Kevin Clark. 

“I’d like to express my appreciation to Gov. Deal and to the members of the General Assembly for their support. The state’s commitment to helping cities and counties finance infrastructure projects contributes greatly to improving Georgia’s water resources.” – GEFA Executive Director Kevin Clark. 

“GEFA financing for water, water supply and wastewater infrastructure helps communities in all areas of the state. The projects that we agreed to finance today demonstrate that GEFA is investing in communities that are willing to invest in themselves.” – Chairman of the GEFA Board of Directors and Mayor of Dahlonega Gary McCullough.

Project and Loan Details:

Town of Braselton

The $156,000 Georgia Fund loan will finance constructing a chemical feed system and building for the town’s groundwater treatment facility. The town will pay 0.70 percent on the 10-year loan. Georgia Fund policy reduces the current interest rate to communities that have earned the WaterFirst designation from the Georgia Department of Community Affairs, which recognizes communities for excellence in water stewardship. The total project cost is $156,000, with GEFA providing the entire amount.

City of Claxton

The $1,850,000 DWSRF loan will finance replacing water mains, adding loops, rehabilitating a water supply well, replacing water meters, making software upgrades, and replacing fire hydrants. The city will pay 0.85 percent interest on the 20-year loan, which includes principal forgiveness of up to $500,000, if all loan funds are drawn. The loan qualifies for a reduced interest rate because portions of the project are eligible water conservation activities. The total project cost is $1,850,000 with GEFA providing the entire amount. In the last seven years, GEFA has financed more than $79 million in water-efficiency and conservation projects.

City of Elberton

The $2,500,000 DWSRF loan will finance completing water treatment plant renovations and create a connection to the city of Bowman’s water system. The project will also replace water mains, add loops, extend water mains and replace water meters. The city will pay 1.11 percent interest on the 20-year loan, which includes principal forgiveness of up to $500,000, if all loan funds are drawn. The loan qualifies for a reduced interest rate because portions of the project are eligible water conservation activities. The total project cost is $2,500,000 with GEFA providing the entire amount. In the last seven years, GEFA has financed more than $79 million in water-efficiency and conservation projects.

City of Flowery Branch

The $1,500,000 CWSRF loan will finance assuming ownership of the existing Cinnamon Cove treatment plant and to transfer the wastewater entering the plant to the city’s treatment plant. Flowery Branch has signed an agreement with the Cinnamon Cove homeowners association to assume treatment of this flow using the city’s existing capacity. The city has an existing wastewater discharge into Lake Lanier with a phosphorus allocation inadequate for future expansion. This project will allow Flowery Branch to assume the Cinnamon Cove phosphorus allocation, thereby allowing the city to increase the discharge capacity of the plant. The construction project will consist of pumping stations and pipelines to transfer the Cinnamon Cove wastewater to Flowery Branch. Flowery Branch will pay 1.40 percent interest on the 20-year loan. The total project cost is $1,500,000 with GEFA providing the entire amount.

City of Pooler

The Georgia Fund standard loan will finance installing 4,400 linear feet of 12-inch water lines to the existing water main to provide fire protection along Quacco Road, constructing a well house, and installing a pump station and the necessary appurtenances to complete the project. The city will pay 2.40 percent on the 20-year loan. The total project cost is $3,224,884, with GEFA providing the entire amount.

The Georgia Fund water conservation loan will finance installing 21,000 linear feet of 10-inch PVC reuse water line from the city’s water system to the Nordic Cold Storage facility. The project will also replace 2,700 water meters, retrofit 3,500 existing meters with wireless transmitters, and install two tower receivers and the necessary appurtenances to complete the project. The city will pay 0.70 percent interest on the 10-year loan, which qualifies for a reduced interest rate because it’s a water conservation project. The total project cost is $3,029,056 with GEFA providing the entire amount. In the last seven years, GEFA has financed more than $79 million in water-efficiency and conservation projects.

City of Thomaston

The $2,700,000 DWSRF loan will finance replacing approximately 4 miles of failing water mains within the Hightower subdivision and Thomaston’s central commercial district. Thomaston will also install new hydrants, valves, service lines, and meters that will connect to the existing water mains in the project area. The city will pay 0.5 percent interest on the 20-year loan, which includes principal forgiveness of up to $500,000, if all loan funds are drawn. The loan qualifies for a reduced interest rate because it’s a water conservation project. The total project cost is $2,700,000 with GEFA providing the entire amount. In the last seven years, GEFA has financed more than $79 million in water-efficiency and conservation projects.

City of Unadilla

The $521,869 Georgia Fund loan will finance drilling a well, constructing a well house, purchasing .25 acre of land, installing approximately 6,500 linear feet of 8-inch force main to connect the deep well to the water system and the necessary appurtenances to complete the project. The city will pay 2.40 percent on the 20-year loan. The total project cost is $521,869, with GEFA providing the entire amount.

Additional Information:

The CWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund wastewater infrastructure and water pollution reduction projects. Eligible projects include a variety of stormwater and wastewater collection and treatment projects. These projects conserve and improve water resources, and facilitate economic growth and development. Low-interest loans from this program are available up to $25 million.

The DWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund water infrastructure projects that deliver safe, affordable drinking water. Eligible projects include a wide variety of public health or compliance related water supply projects. These projects conserve and improve water resources, and facilitate economic growth and development. Low-interest loans from this program are available up to $25 million.

The Georgia Fund, a state-funded program administered by GEFA, provides communities with low-interest loans for water, wastewater, water conservation and solid waste infrastructure projects. Eligible projects include water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters. These projects conserve and improve water resources, and facilitate economic growth and development. Low-interest loans from this program are available up to $10 million.