Georgia grants $ 39 million in water loans

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Earlier this week, the Georgia Environmental Finance Authority (GEFA) announced loans totaling $ 38,792,060 for water, sewage, wastewater and land conservation projects. The funding will support fourteen Georgian communities and two conservation groups.

Each project will be supported through the State Revolving Fund for Drinking Water (DWSRF) or the State Revolving Fund for Drinking Water (CWSRF). GEFA shared a list of approved loans and details of their projects, provided below:

Approved Loans:

  • Bowman secures $ 1,000,000 DWSRF conservation loan
  • Byromville obtains a DWSRF loan of $ 950,000
  • Camak secures $ 161,460 CWSRF conservation loan
  • The Conservation Fund provided a CWSRF conservation loan of $ 8,000,000
  • Eastman secures $ 2,070,000 CWSRF conservation loan
  • Gray obtains $ 9,000,000 CWSRF loan
  • Greenville secures $ 315,000 DWSRF conservation loan
  • Leary gets $ 670,000 CWSRF loan
  • McCaysville secures $ 1,115,000 DWSRF conservation loan
  • Metter secures $ 1,130,000 CWSRF conservation loan
  • Midway secures $ 1,217,000 DWSRF conservation loan
  • The Nature Conservancy provided a CWSRF conservation loan of $ 4,600,000
  • Pooler obtains a CWSRF loan of $ 6,600,000
  • Sardes secures $ 325,000 DWSRF conservation loan
  • Swainsboro secures $ 1,261,000 DWSRF loan
  • Tennille obtains a DWSRF loan of $ 377,600

Project and loan details:

Town of Bowman

The $ 1,000,000 DWSRF Conservation Loan will finance the replacement of aging components of the city’s water distribution system and the rehabilitation of wells. This project will improve water quality, system reliability and maintain regulatory compliance. The city will pay 0.78% interest on the 20-year loan. The loan is eligible for a reduced interest rate because part of the project is a conservation activity. The city is eligible for a capital rebate of up to $ 550,000.

City of Byromville

The DWSRF loan of $ 950,000 will finance the installation of two emergency generators, the construction of an elevated storage tank and the modernization of the water distribution system. During Hurricane Michael, the city experienced prolonged power outages. This project will increase the resilience and reliability of the system in the event of a natural disaster. The city will pay no interest on the 20-year loan. The city is eligible for a capital rebate of up to $ 380,000.

Camak town

The CWSRF conservation loan of $ 161,460 will finance the installation of a gravity sewer. The city is in the final phase of transition from the septic tank to the sewer. This project will bring city residents to the public sewer system. The city will pay 0.86% interest on the 30-year loan. The loan will finance a conservation project, which benefits from a reduced interest rate.

The Conservation Fund

The CWSRF Conservation Loan of $ 8,000,000 will finance the purchase of 8,845 acres of land known as the Suwannee River Forest Property for permanent conservation. This project will permanently preserve a valuable ecosystem, protect the Suwannee River watershed and control diffuse pollution. The Conservation Fund will not pay any interest on the 5 year loan. The loan will finance a conservation project, which benefits from a reduced interest rate.

City of Eastman

The CWSRF Conservation Loan of $ 2,070,000 will fund the rehabilitation of the city’s sewer collection system. The city has received a notice of violation for the ongoing spills from the Legion Drive lift station. This project will reduce inflow and infiltration and help prevent future spills. The city will pay 0.13% interest on the 20-year loan. The loan will finance a conservation project, which benefits from a reduced interest rate. The city is eligible for a principal rebate of up to $ 900,000.

City of Gray

The $ 9,000,000 loan from CWSRF will finance the expansion and modernization of the Wolf Creek Water Pollution Control Plant. The plant will go from 0.4 million gallons per day (MGD) to 0.8 MGD. The city will pay 1.86% interest on the 30-year loan.

City of Greenville

The $ 315,000 DWSRF Conservation Loan will finance the replacement of manually read water meters with an Automatic Meter Reading (AMR) system. This project will reduce leaks, increase billing accuracy and improve meter reading efficiency. The city will pay 0.13% interest on the 20-year loan. The loan will finance a conservation project, which benefits from a reduced interest rate. The city is eligible for a principal rebate of up to $ 157,500.

City of Leary

The $ 670,000 loan from CWSRF will fund the rehabilitation and replacement of gravity sewers. During Hurricane Michael, the city’s sanitary sewer system experienced significant influx and infiltration. This project will improve capacity and reduce inflow and infiltration. The city will pay no interest on the 20-year loan. The city is eligible for a principal discount of up to $ 100,500.

City of McCaysville

The DWSRF conservation loan of $ 1,115,000 will finance the replacement of manually read water meters with an automatic meter reading (AMR) system. The project will reduce water loss, increase billing accuracy and improve meter reading efficiency. The city will pay 0.13% interest on the 20-year loan. The loan will finance a conservation project, which benefits from a reduced interest rate. The city is eligible for a capital rebate of up to $ 501,750.

City of Metter

The CWSRF conservation loan of $ 1,130,000 will fund the rehabilitation of the town’s sewer collector. The project will ensure the structural integrity of the pipes, reduce wastewater overflows and address environmental health issues. The city will pay 0.86% interest on the 30-year loan. The loan will finance a conservation project, which benefits from a reduced interest rate.

Town of Midway

The DWSRF conservation loan of $ 1,217,500 will finance the construction of a new well. The city’s current water supply consists of a 40-year-old well. This project will alleviate low pressure issues and provide reliability and redundancy. The city will pay 1.04% interest on the 20-year loan. The loan qualifies for a reduced interest rate because part of this project is a conservation activity.

Nature conservation

The CWSRF Conservation Loan of $ 4,600,000 will finance the purchase of 2,351 acres of land known as the Dugdown Corridor property for permanent conservation. This project will permanently preserve a valuable ecosystem, protect the watersheds of the Etowah and Tallapoosa rivers and control diffuse pollution. The Nature Conservancy will pay 0.04% interest on the 10 year loan. The loan will finance a conservation project, which benefits from a reduced interest rate.

City of Pooler

The CWSRF loan of $ 6,600,000 will finance the upgrade of the Savannah Quarters lift station and the installation of a discharge line. In recent years, the city has experienced significant residential growth. The project will ensure compliance with permits, prevent sewage overflows and increase system reliability. The city will pay 0.07% interest on the 15-year loan, which is eligible for a reduced interest rate because Pooler is a WaterFirst community.

City of Sardis

The $ 325,000 DWSRF loan will finance the replacement of manual reading water meters with an advanced metering infrastructure (AMI) system. The project will reduce water loss and increase billing accuracy and meter reading efficiency. The city will pay 0.07% interest on the 15-year loan. The loan will finance a conservation project, which benefits from a reduced interest rate. The city is eligible for a capital rebate of up to $ 162,500.

Town of Swainsboro

The DWSRF loan of $ 1,261,000 will finance the construction of a new elevated storage tank. The city’s current reservoir has fallen into disuse and is no longer capable of being rehabilitated. This project will improve the city’s water quality and maintain regulatory compliance. The city will pay 1.13% interest on the 20-year loan. The city is eligible for a principal rebate of up to $ 630,500.

Town of Tennille

The DWSRF loan of $ 377,600 will finance the installation of valves and a well filtration system. The city received a consent order from the Georgia Environmental Protection Division. This project will ensure compliance with water quality standards and provide drinking water to its customers. The city will pay 1.13% interest on the 20-year loan. The city is eligible for a principal rebate of up to $ 169,920.

Other actions of the GEFA board of directors:

City of Byron

The board approved a $ 475,000 increase in a CWSRF loan approved in November 2018.

City of Griffon

The Board of Directors approved a $ 2,130,000 increase in a CWSRF loan approved in November 2020.

The Board of Directors approved an increase of $ 870,000 in a DWSRF loan approved in November 2020.

City of Lexington

The board of directors ratified an emergency loan authorized by the executive director of GEFA on June 9, 2021. The city received a loan of $ 75,000 from the Georgia Fund to install water treatment equipment at well number. five. The city will pay 0.52% interest on the 10-year loan.

City of Lincolnton

The Board of Directors approved a $ 513,000 increase in a DWSRF loan approved in August 2020.

City of Thomson

The Board of Directors approved a scope change and a $ 500,000 increase in a DWSRF loan approved in January 2019.

Town of Toccoa

The Board of Directors approved a scope change and an increase of $ 2,003,000 of a CWSRF loan approved in August 2020.

THE SOURCE: Georgian Environmental Finance Authority

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