Georgia communities receive infrastructure loans totaling $35.4 million

November 8, 2018

Loan commitments include energy and water conservation projects

Eight Georgia communities were awarded financing totaling $35,365,000 for water, wastewater, and solid waste infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) board of directors.

Approved loans:

  • Atlanta awarded a $25,000,000 Clean Water State Revolving Fund (CWSRF) loan
  • Braselton awarded a $1,926,000 CWSRF loan
  • Byron awarded a $2,500,000 CWSRF conservation loan
  • DeKalb County awarded a $3,000,000 Georgia Fund loan
  • Dudley awarded a $1,163,000 Georgia Fund loan
  • Lyerly awarded a $130,000 CWSRF conservation loan
  • Social Circle awarded a $416,000 Georgia Fund conservation loan
  • Thomson awarded a $1,230,000 Drinking Water State Revolving Fund (DWSRF) loan

Quotes:

“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 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 Atlanta

The $25,000,000 CWSRF loan will finance rehabilitation of the West Area Water Quality Control Facility. Inefficient equipment is causing hydraulic and operational issues. This project will improve plant reliability and efficiency and ensure compliance with water quality standards. The city will pay 2.25 percent interest on the 20-year loan.

Town of Braselton

The $1,926,000 CWSRF will help finance the replacement of a lift station and the installation of sewer force main. This project will enhance pumping efficiency, increase sewerage capacity, and accommodate for the town’s current and future service demand needs. The town will pay 1.25 percent interest on the 20-year loan, which is eligible for a reduced interest rate because the town is a WaterFirst Community.

City of Byron

The $2,500,000 CWSRF conservation loan will finance the installation of sewer lines, manholes, and service lines. The project will address the aged components of the city’s sewer system and help to reduce inflow and infiltration. The city will pay 1.25 percent interest on the 20-year loan. The loan will finance a conservation project, which qualifies for a reduced interest rate. The city is eligible for principal forgiveness up to $500,000.

DeKalb County

The $3,000,000 Georgia Fund loan will finance the construction of a new solid waste cell at the county’s landfill. The current landfill cell will be exhausted by May 2020. This project will provide additional capacity for solid waste disposal to accommodate the county’s future needs. The county will pay 1.23 percent interest on the five-year loan.

City of Dudley

The $1,163,000 Georgia Fund loan will finance the construction of a new groundwater well and an elevated storage tank. The city is currently served by one well that is unable to meet the average daily demand. The Georgia Environmental Protection Division issued a Notice of Violation stating that the city is required to have two working wells. This project will bring the city into compliance and serve the community with a reliable water source. The GEFA board also approved refinancing an existing CWSRF loan with a remaining balance of $1,700,000. The city will pay 1.25 percent interest on a new 35-year Georgia Fund loan with a combined total of $2,863,000.

Town of Lyerly     

The $130,000 CWSRF conservation loan will finance improvements to the wastewater treatment plant equipment and the construction of a new equipment building. The equipment at the town’s wastewater treatment plant has reached the end of its useful life. This project will improve efficiency and reduce operational and maintenance costs while improving wastewater treatment. The town will pay 1.56 percent interest on the 15-year loan. The loan will finance a conservation project, which qualifies for a reduced interest rate.

City of Social Circle

The $416,000 Georgia fund conservation loan will finance the installation and relocation of gravity sewer and water lines. The Georgia Department of Transportation (GDOT) is replacing a bridge and the city has to relocate water and sewer lines. This project will allow the GDOT bridge replacement to proceed on schedule. Additionally, the project will replace aging water and sewer lines that are causing issues with reliability, inflow and infiltration, water loss, and degraded water quality. The city will pay 1.06 percent interest on the 10-year loan. The loan will finance a conservation project, which qualifies for a reduced interest rate.

City of Thomson

The $1,230,000 DWSRF loan will help finance upgrades and improvements at the Augusta Road water treatment plant and raw water pump station. This project will allow the city to provide safe and reliable drinking water to its customers. The city will pay 2.25 percent on the 20-year loan, which includes principal forgiveness up to $246,000.

Other board actions:

City of Bowden

The GEFA board awarded a $450,000 increase to a $1,250,000 DWSRF loan originally approved in November 2016.

City of Perry

The GEFA board awarded a $3,450,000 increase to a $7,800,000 DWSRF loan originally approved in November 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.