Georgia communities receive infrastructure loans totaling $81 million

January 22, 2018

Loan commitments include energy, land, and water conservation projects

Sixteen Georgia communities were awarded financing totaling $80,998,000 for water, wastewater, and sewer infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) board of directors.

Approved loans:

  • Albany awarded a $15,000,000 Clean Water State Revolving Fund (CWSRF) conservation loan
  • Banks County awarded a $310,000 Drinking Water State Revolving Fund (DWSRF) conservation loan
  • Chatsworth Water Works Commission awarded a $6,100,000 CWSRF loan
  • Chickamauga awarded a $1,150,000 DWSRF conservation loan
  • Coweta County Water and Sewerage Authority awarded a $7,400,000 DWSRF conservation loan
  • Ellaville awarded a $501,000 DWSRF conservation loan
  • Etowah Water and Sewer Authority awarded a $10,000,000 Georgia Fund loan and a $10,000,000 increase to an existing Georgia Fund loan
  • Flovilla awarded a $297,000 DWSRF conservation loan
  • Fort Oglethorpe awarded a $3,000,000 CWSRF conservation loan
  • Georgia Gateway Community Improvement District awarded an $18,100,000 CWSRF loan
  • Gray awarded a $711,000 CWSRF conservation loan
  • Harris County awarded a $1,812,000 DWSRF conservation loan
  • Roswell awarded a $1,000,000 CWSRF conservation loan
  • Schley County Utilities Authority awarded a $406,000 DWSRF conservation loan
  • Trion awarded a $4,300,000 CWSRF conservation loan
  • Woodstock awarded a $911,000 CWSRF conservation loan

Quotes:

“GEFA loans help local governments improve their environmental infrastructure. Financing water, wastewater, solid waste, and energy, land, and water conservation projects encourages economic growth and the stewardship of our environment.” – GEFA Executive Director Kevin Clark.

“I’d like to thank Gov. Deal, the Georgia Congressional delegation, and 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.

“Low-interest financing from GEFA helps communities throughout the state. The projects financed today demonstrate that GEFA is investing in communities that are willing to invest in themselves.” – Chairman of the GEFA Board of Directors and White County Commission Chairman Travis Turner.

Project and loan details:

City of Albany

The $15,000,000 CWSRF conservation loan will finance rehabilitating the westside and eastside interceptor sewers. This project will prevent line failures of the reinforced concrete pipe and will prevent spills into the Flint River. The city will pay 0.65 percent interest on the 15-year loan. The loan will finance an energy conservation project, which qualifies for a reduced interest rate.

Banks County Board of Commissioners

The $310,000 DWSRF conservation loan will finance replacing water meters with an automatic meter reading (AMR) system. The project will reduce water loss, enhance system reliability, and lower operation and maintenance costs. The county will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $61,886 if all funds are drawn.  

Chatsworth Water Works Commission

The $6,100,000 CWSRF loan will finance the construction of the Mill Creek Wastewater Treatment Plant. The project will address the county’s growing demand on the sewer system. The commission will pay 1.89 percent interest on the 20-year loan, which includes principal forgiveness up to $500,000 if all funds are drawn.

City of Chickamauga

The $1,150,000 DWSRF conservation loan will finance replacing water mains and water meters with an automatic meter reading (AMR) system. The project will reduce water loss, enhance system reliability, and lower operation and maintenance costs. The city will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $230,000 if all funds are drawn.

Coweta County Water and Sewerage Authority

The $7,400,000 DWSRF conservation loan will finance the installation of an advanced metering infrastructure (AMI) system. The project will reduce water loss, enhance system reliability, and lower operation and maintenance costs. The authority will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $500,000 if all funds are drawn.  

City of Ellaville

The $501,000 DWSRF conservation loan will finance replacing water meters with an automatic meter reading (AMR) system. The project will reduce water loss, enhance system reliability, and lower operation and maintenance costs. The city will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $100,086, if all funds are drawn.  

Etowah Water and Sewer Authority  

The new $10,000,000 Georgia Fund loan and the $10,000,000 increase to an existing Georgia Fund loan, which was originally approved in August 2014, will help finance the expansion of the Russell Creek Reservoir. The reservoir currently does not meet projected demand. The community has grown substantially and continued growth is projected. This project will provide a safe supply of drinking water to the community and will serve developing areas. The authority will pay 2.03 percent interest on both 40-year loans.

City of Flovilla

The $297,000 DWSRF conservation loan will finance replacing water meters with an automatic meter reading (AMR) system. This project will reduce water loss, enhance system reliability, and reduce operation and maintenance costs. The city will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $59,400 if all funds are drawn.

City of Fort Oglethorpe

The $3,000,000 CWSRF conservation loan will finance replacing two pump stations and rehabilitating sewer lines that have reached the end of their useful lives. This project will correct structural failures in the city’s aging sewer system and will improve sewer system efficiency. The city will pay a 0.89 percent interest on the 20-year loan. The loan will finance an energy conservation project, which qualifies for a reduced interest rate.

Georgia Gateway Community Improvement District

The $18,100,000 CWSRF loan will help finance the installation of a sewer system and a stormwater system for the proposed EPIC Adventures Resort in Kingsland, Georgia. The city will pay 1.89 percent interest on the 20-year loan.

City of Gray

The $711,000 CWSRF conservation loan will finance the construction of a new 350 gallon-per-minute lift station to replace the existing Grover Lane lift station. The project will address the city’s aging infrastructure and will help the facility to operate more efficiently. The city will pay 0.89 percent interest on the 20-year loan. The loan will finance an energy conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $177,750 if all funds are drawn.

Harris County Board of Commissioners

The $1,812,000 DWSRF conservation loan will finance replacing water meters with an automatic meter reading (AMR) system. The project will reduce water loss, enhance system reliability, and lower operation and maintenance costs. The county will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness up to $362,294 if all funds are drawn.  

City of Roswell

The $1,000,000 CWSRF conservation loan will finance the purchase of land along Holcomb Bridge Road within the Seven Branches Property for permanent conservation. The 6 acres of undeveloped land will be conserved permanently and will connect existing parks and trails for passive recreation. The city will pay 0.50 percent interest on the 10-year loan. The loan will finance a land conservation project, which qualifies for a reduced interest rate.

Schley County Utilities Authority

The $406,000 DWSRF conservation loan will finance the installation of a filtration system at the Goolsby-Stevens Road well. This project will improve water quality to the community. The city will pay 0.89 percent interest on the 20-year loan. The loan will finance a water conservation project, which qualifies for a reduced interest rate, and includes principal forgiveness of $81,200 if all funds are drawn. 

Town of Trion

The $4,300,000 CWSRF conservation loan will finance the installation of sludge pumps, thickeners, and belt press units at the water pollution control plant. The equipment had reached its useful life and the updates are necessary for the plant to maintain treatment capabilities. The town will pay 1.87 percent interest on the 20-year loan. The loan qualifies for a reduced interest rate because a portion of the project is an energy conservation activity, and includes principal forgiveness up to $500,000 if all funds are drawn.

City of Woodstock

The $911,000 CWSRF conservation loan will finance the purchase of 24 acres of land along Trickum Road and the Little River for permanent conservation. This project will address the city’s desire to preserve native plant and animal species, protect wetlands, and provide passive recreation. The city will pay 0.65 percent interest on the 15-year loan. The loan will finance a land conservation project, which qualifies for a reduced interest rate.

Other board actions:

Town of Brinson

The GEFA board ratified an emergency loan authorized by the GEFA executive director on December 5, 2017. The town received a $125,000 Georgia Fund loan for drilling two Claiborne Aquifer wells. The project will improve the quality of the town’s drinking water. The town will pay 2.39 percent interest on the 20-year loan.

City of Clarkesville

The GEFA board ratified an emergency loan authorized by the GEFA executive director on January 5, 2018. The city received a $115,000 Georgia Fund loan to replace filter underdrains and media in both filters at city’s water treatment plant. The city will pay 0.92 percent interest on the 5-year loan.

City of Davisboro

The GEFA board awarded a $2,007,000 increase to a $4,679,000 CWSRF loan originally approved in January 2017.

Additional information:

The CWSRF, a federal loan program administered by GEFA, provides communities with low-interest loans to fund wastewater infrastructure and water pollution control projects. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia. 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 are available up to $25 million.

The DWSRF, a federal loan program administered by GEFA, provides communities with low-interest loans to fund water infrastructure projects that deliver safe, affordable drinking water. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia. Eligible projects include a 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 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 are available up to $3 million.

GEFA provides loan financing at a reduced interest rate for energy efficiency and renewable energy projects at water and wastewater treatment plants, landfills, and municipal solid waste facilities; water conservation projects in the areas of water loss and end-use water efficiency; and land conservation projects, including fee title and conservation easement purchases.