Decatur Awarded Low Interest Loan To Acquire United Methodist Children’s Home Land

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.

East Decatur Station Installs $900,000 in Solar Panels

The Atlanta Business Chronicle reported yesterday on East Decatur Station’s recently installed one of the largest solar panel systems in metro Atlanta, which carried a $900,000 price tag. The panels are projected to off-set the development’s energy prices by 20%.

Of course, with all things solar these days, there are plenty of government incentives to bring the price down for the property owner.  According to the ABC article, East Decatur Station will receive a grant through the Georgia Environmental Finance Authority for 35% of installation costs and additional 30% Federal grant.  (The article doesn’t specify whether that’s off the installation costs or the cost of the panels themselves.)