Georgia Communities Receive Infrastructure Loans Totaling $13 Million
CLARKESVILLE, Ga. – Eight Georgia communities were awarded financing totaling $12,964,210 for water, sewer, solid waste and wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) board of directors.
The communities include the cities of Chatsworth, Dawsonville, Dublin, Glennville and Jefferson, Bartow and DeKalb Counties, and the Etowah Water & Sewer Authority (WSA).
- Chatsworth was awarded a $3,000,000 Clean Water State Revolving Fund (CWSRF) loan.
- Dawsonville awarded a $1,000,000 Drinking Water State Revolving Fund (DWSRF) loan.
- Dublin was awarded a $654,210 Georgia Fund loan.
- Glennville was awarded a $699,000 DWSRF loan.
- Jefferson was awarded a $381,000 Georgia Fund loan.
- Bartow County was awarded a $2,960,000 CWSRF loan.
- DeKalb County was awarded a $3,000,000 Georgia Fund loan.
- The Etowah WSA was awarded a $1,270,000 Georgia Fund loan.
“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, as well as energy and water conservation projects, encourage 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:
City of Chatsworth
The $3,000,000 CWSRF loan will finance installing a 1 megawatt (MW) solar photovoltaic 5-acre farm to serve the Judson Vick Wastewater Treatment Plant. The solar installation is designed to reduce the amount of power purchased and overall operating expenses. Chatsworth will pay 1.03 percent interest on the 20-year loan. This loan qualifies for a 1 percent interest rate reduction because it’s an eligible energy conservation project, and includes principal forgiveness of up to $300,000, if all loan funds are drawn.
City of Dawsonville
The $1,000,000 DWSRF loan will finance constructing a new water supply well and well house, rehabilitating an existing water storage tank, and replacing existing water lines, which are leaking, and water meters along Highway 53. Dawsonville will pay 1.71 percent interest on the 20-year loan, which includes principal forgiveness of up to $300,000, if all loan funds are drawn. The city is receiving a lower interest rate (reduced from 2.03 percent) because a portion of the project is water conservation eligible.
City of Dublin
The $654,210 Georgia Fund loan will finance replacing the city’s primary well. Dublin will pay 1.52 percent interest on the 10-year loan.
City of Glennville
The $699,000 DWSRF loan will finance installing approximately 1,700 residential and 60 large commercial radio read water meters. The city also plans to install backflow preventers at each service connection where one is not currently installed. Glennville will pay 0.52 percent interest on the 15-year loan, which includes principal forgiveness of up to $209,700, if all loan funds are drawn. The loan qualifies for a reduced interest rate because it’s an eligible water conservation project.
City of Jefferson
The $381,000 Georgia Fund loan will finance making improvements to the pond at the 1-85 Wastewater Treatment Facility by improving aeration, adding pH controls, influent screens, a recirculation pump and a floating battle, and removing solids. Jefferson will pay 0.76 percent interest on the five-year loan.
The $2,960,000 CWSRF loan will finance installing gravity sewers, force mains and three pump stations to provide sewer service to an area with failing septic systems. Bartow County will pay 0.52 percent interest on the 10-year loan.
The $3,000,000 Georgia Fund loan will finance purchasing roll carts for residential trash pick-up. DeKalb County will pay 0.76 percent interest on the five-year loan.
The Etowah WSA
The $1,270,000 Georgia Fund loan will finance upgrading and relocating water mains and installing sanitary sewer infrastructure in coordination with a Georgia Department of Transportation intersection improvement project. Approximately 6,800 linear feet of water main, 2,360 linear feet of sewer line, and eight sewer manholes will be installed. The Etowah WSA will pay 3.03 percent interest on the 20-year loan.
The CWSRF, a federal loan program administered by GEFA, provides communities throughout Georgia with low-interest loans to fund wastewater infrastructure and water pollution control 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 $3 million.
GEFA provides loan financing at a reduced interest rate to local governments and authorities for energy efficiency and renewable energy projects at water and wastewater treatment plants, landfills, and municipal solid waste facilities, in addition to infrastructure improvements. Eligible projects include, but aren’t limited to: landfill gas reclamation; solar photovoltaic and thin film solar geo-membrane covers; wind and biomass; variable frequency drives and energy efficiency measures; energy management systems and controls; biogas heat and power recovery systems; and infiltration and inflow projects that reduce pumping costs.