The City of Decatur sent along this press release from the Georgia Environmental Finance Authority…
The City of Decatur Public Facilities Authority was awarded an $11,452,000 Clean Water State Revolving Fund (CWSRF) loan by the Georgia Environmental Finance Authority (GEFA) executive committee.
The loan will finance the acquisition of 22.08 acres of land as part of the United Methodist Children’s Home land purchase of 77 total acres. This project will permanently protect the land for the purpose of conservation and public recreation.
The city will pay 1.70 percent interest on the 30-year loan. The loan will finance an eligible conservation project, which qualifies for a reduced interest rate.