Ludowici was approved for a loan of $87,500 on May 13 to finance its wastewater-treatment facility, according to a news release provided by Georgia Environmental Finance Authority Executive Director Kevin Clark.
The project also will include rehabilitating flow-control structures and installing an electrical power supply.
“We really need this work done,” Ludowici City Councilman Frank McClelland Jr. said. “That filtration pond is over 20 years old, and by having this taken care of, it will extend the life of it.”
McClelland also said the low-interest loan will keep a large financial burden off of taxpayers while still enabling the project to begin.
“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,” Clark said. “In addition to the public’s health and safety, these projects are critical to a community’s economic growth and prosperity.”
According to Clark, the city of Ludowici will pay 3.81-percent interest on the 10-year loan.
He said the Georgia Environmental Finance Authority helps communities prepare for economic growth and development by providing loans of this type.
The Georgia Fund provides loans to local governments for projects such as water and sewer lines, treatment plants, pumping stations, wells, water storage tanks and water meters.