The city of Ila was given the green light for a drinking water loan of $400,000 and a subsidy of $400,000 to help finance water system improvements.
Upgrades include the development of a well, water main replacement, new meters and the replacement and repair of fire hydrants.
The city will pay no interest on the 20-year loan. The total project cost is $800,000 with the Georgia Environmental Facilities Authority (GEFA) providing the entire amount.
The Ila project was one of seven environmental infrastructure project loans totaling almost $5.7 million approved by the governor Tuesday. Five of the projects were either fully or partially financed by the American Recovery and Reinvestment Act (ARRA) at a total of almost $3 million. The GEFA board of directors approved the commitments to help finance water and sewer infrastructure projects in seven communities throughout Georgia.
“Investment in our state’s water and sewer infrastructure stimulates the economy, promotes the stewardship of our natural resources, and helps to meet Georgia’s future water needs,” said Governor Sonny Perdue. “The projects approved today will improve water and sewer system efficiency and will ensure clean and safe water.”