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Posted: Tuesday, July 9th 2013 at 5:46pm

Hall County and Blairsville get GEFA loans

By Derreck Booth Editor
EMAIL STORY CONTACT EDITOR PRINT
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ATLANTA - Hall County and Blairsville are among five local governments awarded financing for water and wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) executive committee Tuesday.

Hall County's Georgia Fund loan totals $1.2 million for building a 20,000 gallon-per-day facility to treat leachate water from the Candler Road landfill.

According to GEFA, the leachate will be treated and used for dust control on the 90-acre site.

The ten-year loan has a 1.2 percent interest rate. The loan amount is the total projected cost for the project, according to GEFA.

In Blairsville the money totals $1.693 million and is a Drinking Water State Revolving Fund loan.

The city use for the money is two-fold. Crews are expected to upgrade undersized and aging waterlines along Pat Haralson Memorial Drive and Deep South Farm Road. The money is also earmarked for new water meters for the city's 1310 customers. It will be a wireless automatic smart reading system according to GEFA.

Blairsville will pay .50 percent interest on the 20-year loan, which includes principal forgiveness of up to $423,250 if all loan funds are drawn. The lower rate is because the projects are considered water conservation work.

Other entities receiving financing approval Tuesday were the cities of Calhoun and LaGrange and Floyd County.
Associated Categories: Homepage, Business News, Local/State News

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