While there wasn’t a quorum of elected officials present to officially conduct business at the Tuesday, September 7 Tennille City Council meeting, Mayor Eartha Cummings announced to those present that the City of Tennille was recently awarded a Drinking Water State Revolving Fund (DWSRF) loan by the Georgia Environmental Finance Authority (GEFA) board of directors.
The loan amount awarded to the City of Tennille is $377,600.
According to Mayor Cummings, the loan 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 help provide safe drinking water.
The city will pay 1.13 percent interest on the 20-year loan. The city is eligible for principal forgiveness up to $169,920.
The DWSRF provides low-interest loans for infrastructure projects that deliver safe, affordable drinking water. These projects conserve and improve water resources and facilitate economic development. The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia.
The Georgia Environmental Finance Authority (GEFA), headquartered in Atlanta, provides financing for a variety of energy, land, and water projects. Since 1985, GEFA has approved financial commitments totaling more than $5 billion to local governments, businesses, and nonprofit organizations.