Rockmart awarded state funds totaling $884,600

23 09 2008

The Rockmart Journal

The Georgia Environmental Facilities Authority (GEFA) Executive Director Chris Clark announced today the approval of a Georgia Fund loan of $884,600 for Rockmart.

The loan, approved by the GEFA executive committee, will finance the replacement and rehabilitation of sewer lines and connections.

“Infrastructure improvements increase quality of life for Georgia citizens, and they help cities and counties create jobs and promote economic development,” said Governor Sonny Perdue. “I’m pleased this investment is being made in sewer system infrastructure.”

“The Georgia Fund loan program is a tangible commitment by Governor Perdue and the General Assembly to assist local governments across the state with their efforts to provide clean water and sewer improvements,” said Chris Clark.

“In addition to the public’s health and safety, these projects are critical to communities across Georgia and to their ability to prosper economically.”

GEFA helps communities prepare for economic growth and development by providing low interest loans and grants.

The City will pay a 4.27 percent interest rate on the 20-year loan. The total project cost is $2,166,000 with the city providing $1,281,400 in local funds.

The Georgia Fund is a state funded program administered by GEFA for water, wastewater and solid waste infrastructure projects. The program has maximum flexibility and accessibility, and offers fast loan and grant approvals.

Read on here.

Advertisements

Actions

Information

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: