City of Claxton Lands $2.5 Million Clean Water State Revolving Fund Loan

Sixteen Georgia communities were awarded financing totaling $48,440,000 for water, sewer, stormwater, and wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) board of directors this week…and the City of Claxton was among the winners.

The $2,500,000 CWSRF conservation loan will help finance improvements to the headworks, lagoons and ponds, spray irrigation fields, control building, pump station, and lab equipment at the existing wastewater treatment plant. This project will address inefficiencies at the plant and allow the facility to meet future state and federal regulatory requirements. The city will pay 1.22 percent interest on the 20-year loan. The loan qualifies for a reduced interest rate because a portion of the project is a conservation activity, and includes a principal forgiveness up to $500,000 if all funds are drawn.

“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 said Thursday.

Other approved loans:

• Camilla awarded a $1,406,000 Drinking Water State Revolving Fund (DWSRF) conservation loan
• Commerce awarded two Georgia Fund loans totaling $7,480,000
• Cook County Board of Commissioners awarded a $2,691,000 CWSRF loan and a $1,400,000 Georgia Fund loan
• Dawsonville awarded a $569,000 DWSRF conservation loan
• Dexter awarded a $374,000 CWSRF loan
• Garden City awarded a $525,000 CWSRF conservation loan
• Griffin awarded a $16,000,000 CWSRF conservation loan
• Hinesville awarded a $2,605,000 DWSRF loan and a $409,000 CWSRF loan
• Hoschton awarded a $315,000 CWSRF conservation loan
• McRae-Helena awarded a $2,326,000 DWSRF conservation loan
• Peachtree City awarded a $3,155,000 CWSRF loan
• Pickens County awarded a $2,600,000 Georgia Fund loan
• Royston awarded $2,000,000 CWSRF conservation loan
• Satilla Regional Water and Sewer Authority awarded a $1,685,000 DWSRF conservation loan
• Washington awarded a $400,000 Georgia Fund loan