Madison County secured a low-interest loan from the state this week for the construction of a Dogsboro sewer system, which officials hope to have online in 2009 to boost commercial development along the Hwy. 29 corridor near the Clarke County line.
According to a press release issued Tuesday from Governor Sonny Perdue’s office, a Georgia Fund loan of $1,611,000 has been awarded to the Madison County Industrial Development and Building Authority (IDBA) for the construction of a wastewater treatment and disposal system serving commercial development along the Hwy. 29 corridor.
The loan, approved by the Georgia Environmental Facilities Authority board of directors, will finance collection lines, a lift station and a six-inch force main.
GEFA helps communities prepare for economic growth and development by providing low interest loans and grants. The Madison County IDBA will pay a 4.27 percent interest rate on the 20-year loan.