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County borrowing $1.5M for infrastructure

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POSTED: October 3, 2011 4:00 p.m.

Bryan County recently was awarded a low-interest loan worth $1.5 million from the Georgia Environmental Finance Authority to fund water and sewer system projects.
County Administrator Phil Jones said the money is the second part of a two-phase Georgia Fund loan being used to pay for the sewer projects between the new Richmond Hill Middle School and WaterWays Township.
The projects include installation of a 1,200 gallon per minute groundwater well, two sewer pump stations and 54,000 linear feet of force main. The first phase of the loan, $3 million, was awarded in August 2010, according to a press release from GEFA.
Bryan County will pay 3.44 percent interest on the 20-year loan of $1,497,533.
The Georgia Fund loan is a state-funded program administered by GEFA, and provides loans to local governments for projects such as water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters.
“The Georgia Fund loan program is a tangible commitment by Gov. (Nathan) Deal and the General Assembly to assist local governments across the state with their efforts to provide clean water, sewer system and solid waste improvements,” GEFA Executive Director Kevin Clark said. “In addition to the public’s health and safety, these projects are critical to a community’s economic growth and prosperity.”

 

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