2014 intended use plan, Clean Water State Revolving Fund Program

2014 INTENDED USE PLAN CLEAN WATER STATE
REVOLVING FUND
Prepared by the Georgia Environmental Finance Authority
May 12, 2014

Contents

INTENDED USE PLAN 2014 GEORGIA ENVIRONMENTAL FINANCE AUTHORITY
CLEAN WATER STATE REVOLVING FUND Table of Contents
PART I - SECTION 606 REQUIREMENTS

Page #

INTRODUCTION ............................................................................................................................... 3 CWSRF PROJECT LISTS .................................................................................................................. 3 PROJECT LIST (Clean Water Projects) ............................................................................................... 4 PROJECT LIST (Green Projects) ........................................................................................................ 4 CWSRF ESTIMATED DISBURSEMENT SCHEDULE ........................................................................... 5 TERMS AND CONDITIONS OF FINANCING ....................................................................................... 5 FOUR PERCENT ADMINISTRATION.................................................................................................. 7 CRITERIA AND METHOD FOR DISTRIBUTING FUNDS ...................................................................... 7 CWSRF GOALS AND OBJECTIVES ................................................................................................... 7 20 PERCENT STATE MATCH REQUIREMENT ................................................................................... 8 ASSURANCES AND SPECIFIC PROPOSALS ..................................................................................... 8 PUBLIC PARTICIPATION................................................................................................................... 9
PART II - ATTACHMENTS

ATTACHMENT 1 - 2014 Project List (Clean Water Projects) ................................................................ 10 ATTACHMENT 2 - 2014 Project List (Green Projects) ......................................................................... 15 ATTACHMENT 3 - 2014 Estimated Disbursement Schedule ................................................................ 17 ATTACHMENT 4 - 2014 ASAP CWSRF Payment Schedule ................................................................ 18 ATTACHMENT 5 - Projected Sources and Uses ................................................................................. 19 ATTACHMENT 6 CWSRF 4 Percent Administrative Funds ............................................................... 20 ATTACHMENT 7 Ranking Criteria for CWSRF Projects (Clean Water Projects).................................. 21 ATTACHMENT 8 Ranking Criteria for CWSRF Projects (Green Projects)........................................... 23 ATTACHMENT 9 - Public Participation Summary................................................................................ 25 ATTACHMENT 10 - CWSRF Program Policies ................................................................................... 26

2

CLEAN WATER STATE REVOLVING FUND INTENDED USE PLAN 2014
INTRODUCTION
Section 606(c) of the Water Quality Act of 1987 requires each state to annually prepare an Intended Use Plan (IUP) identifying the use of funds from the Clean Water State Revolving Fund (CWSRF) for as long as monies exist within the Fund. Section 606 also requires capitalization grant recipients to describe how they will support the goals of the CWSRF program. This IUP outlines the proposed uses of the CWSRF allotment to Georgia of $25,000,000, which represents Georgia's potential Fiscal Year (FY) 2014 allotment.
The Georgia Environmental Finance Authority (GEFA) was created by the Georgia General Assembly in 1986 as the successor agency to the Georgia Development Authority Environmental Facilities Program. GEFA serves as the central state agency for assisting local governments in financing the construction, extension, rehabilitation and replacement and securitization of public works facilities. The Governor of Georgia appoints eight members to the GEFA board of directors and three ex-officio members designated by GEFA's enabling legislation. Under an interagency agreement, the Georgia Environmental Protection Division (EPD) provides certain construction management and professional services to administer the CWSRF Program. These services include, but are not limited to: project reviews and approvals; planning; project development; information tracking; updating files; information gathering and development of the CWSRF Fundable List; project ranking; issuing Notices of No Significant Impacts (NONSI) and Categorical Exclusions (CE); construction management; MBE/WBE requirements; project inspections, assistance with the National Information Management System (NIMS) and completion of the Clean Water Benefits Reporting (CBR) database.
CWSRF PROJECT LISTS
The procedure for developing the CWSRF Project Lists involves creating an on-line pre-application process which requests that all potential projects requesting funding provide project-related information. GEFA initiated the project solicitation process on November 8, 2013. GEFA allowed prospective applicants until December 31, 2013, to submit pre-applications. GEFA e-mailed the solicitation notice to its stakeholder list and coordinated with relevant trade and local government associations to further disseminate the project solicitation information. GEFA also designated a section of its website to announce the solicitation for new projects. GEFA made available project solicitation packets that contained detailed information about financing terms, available funding and the scoring system for project prioritization. GEFA accepted CWSRF pre-applications through an online pre-application form available on the GEFA website. GEFA used the pre-application information to score and rank all submitted projects. All ties were broken by giving higher priority to those projects with the earlier Notice to Proceed date provided in the pre-application submission. Communities submitted 41 Clean Water projects with a total need of $106,583,300 and 12 CWSRF-Green projects with a total need of $21,580,000. The CWSRF Project Lists includes all the submitted projects in descending order based upon project score. All projects on the Project Lists are labeled as belonging to one of the following categories: (A) Wastewater Treatment Facilities (new or expansion); (B) Combined Sewers; (C) Transport Systems; (D) Sewer Rehabilitation; (E) Non-point Source, and (F) Non-point Source Land Purchase, Water Efficiency, Energy Efficiency and Green Infrastructure.
3

PROJECT LIST (Clean Water Projects)
The Clean Water Project List (Attachment 1) was created from all clean water projects submitted during the pre-application solicitation period. The projects on this list were submitted by wastewater systems identifying a potential wastewater project and submitting a pre-application for funding. The GEFA board of directors reserves the right to fund lower priority projects over higher priority projects if, in the opinion of GEFA, a higher priority project has not taken the necessary steps to expeditiously prepare for funding and initiation of construction (e.g., GEFA has not received a complete and approvable financial application, the project is not ready to proceed or the community withdraws its project from consideration). Additionally, if a qualified project becomes viable within the funding year, Georgia may amend its Project Lists to include such a project. To accommodate those communities that decide to participate in the CWSRF Program after the capitalization grant has been awarded, GEFA will put those projects through the public review process by periodically announcing the inclusion of any new projects on the Project Lists. This same process of public review and comment will be followed for any substantive change in the priority of the CWSRF Program. The community, the project score, the population, the total project costs, whether or not the community is eligible for principal forgiveness, a description of the project and the category of the project are provided in Attachment 1.
PROJECT LIST (Green Projects)
The CWSRF-Green Project List (Attachment 2) was created from the 12 projects that met the Green Project Reserve criteria. The total demand for CWSRF-Green project funding is $21,580,000. The projects on this list were submitted by public wastewater systems identifying projects to address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities. The CWSRF-Green Project List includes all the submitted projects in descending order based upon the CWSRF-Green scoring system. The name of the community, the score, the population, the total project cost, whether or not the community is eligible for principal forgiveness, the project category and a description of the project are provided in Attachment 2.
Green Project Reserve
The Green Project Reserve language within the FY 2012 Consolidated Appropriations Act (P.L. 112-74) and carried over by the Continuing Resolution (P.L. 113-6) requires that, "to the extent there are sufficient eligible project applications, not less than 10 percent of the funds made available under this title to each state for Clean Water State Revolving Fund capitalization grants shall be used by the state for projects to address green infrastructure, water or energy efficiency improvements, or other environmentally innovative activities." GEFA hopes to meet any applicable Green Project Reserve requirement through funding projects on the CWSRF-Green Project List. The green projects are identified as belonging to one of three sub-grouping including Water Efficiency, Energy Efficiency or Green Infrastructure. All CWSRF-Green projects will be required to submit a green business case in order to receive funding.
4

CWSRF ESTIMATED DISBURSEMENT SCHEDULE
An estimated disbursement schedule for those projects listed on the Clean Water Project List and the CWSRF-Green Project List is located in Attachment 3. GEFA created this disbursement schedule based on the eight quarters identified in the CWSRF payment schedule located in Attachment 4, which indicates the timeframe for drawing the CWSRF allotment from EPA's Automated Standard Application for Payments (ASAP) System. Some of the projects listed on the disbursement schedule in Attachment 3 are one phase of a larger project and some of the projects will have a construction schedule longer than the eight quarters identified in the CWSRF payment schedule.
The only type of assistance provided by the CWSRF Program will be loan financing, along with any required principal forgiveness as outlined in the applicable appropriations language. Assistance will be provided to municipalities, water/sewer authorities created by the Georgia state legislature and nongovernmental organizations (NGO) for the purpose of land conservation loans. Eligible activities consist of the construction, expansion and improvements to publicly-owned wastewater treatment facilities, the implementation of a non-point source pollution projects, and the purchase of land within Georgia resulting in the improvement of water quality. All borrowers must designate a repayment source(s) for each loan agreement signed with GEFA. Capitalization grant funds for the construction of wastewater treatment facilities will include projects addressing secondary or advanced treatment or any cost-effective alternative, such as interceptors and appurtenances and infiltration/inflow correction. All projects must be designed to meet current National Pollutant Discharge Elimination System (NPDES) permit limits and all other requirements needed to maintain water quality standards. All construction projects will meet the requirements of section 513 of the Federal Water Pollution Control Act (33 U.S.C. 1372) with respect to Davis-Bacon requirements.
TERMS AND CONDITIONS OF FINANCING
Standard CWSRF Financing Terms GEFA currently provides CWSRF loans to local governments and authorities for up to 20 years at an interest rate of 100 basis points (1 percent) below the True Interest Cost (to the nearest hundredth of one percent) received by the state on its twenty year, competitively-bid, general obligation bond issue or 3.00 percent, whichever is lower. Additionally, GEFA charges a one-time 1 percent closing fee. The GEFA board of directors may adjust the interest rate in the event that GEFA is unable to obtain both a dedicated source of revenue and a full faith and credit taxation pledge from the borrower.
The 1 percent closing fee is a one-time loan closing fee, charged on each commitment when the contract is executed and paid within the first 12 months following contract execution. GEFA calculates the fee based on the total CWSRF financing provided for the project. GEFA deposits all closing fees into a separate non-project account. Program income, generated from direct capitalization grant funds, and non-program income, generated from repayment funds, will both be collected and accounted for separately. Program income and non-program income can be seen as a source and use of funds in the Estimated Sources and Uses of Funds in Attachment 5.
CWSRF Water Conservation Financing Terms The interest rate for CWSRF-eligible water conservation projects will be 100 basis points (1 percent) below the rate GEFA charges for CWSRF loans (to the nearest hundredth of one
5

percent). The following types of CWSRF projects are eligible for a 1 percent interest rate reduction:
Installing or retrofitting water efficient devices, such as plumbing fixtures and appliances; Implementing incentive programs to conserve water such as rebates for water efficient
fixtures; Installing water meters in previously unmetered areas; Replacing broken/malfunctioning water meters or upgrading existing water meters with
Automatic Meter Reading systems (AMR); and, Water recycling and reuse projects that replace potable sources with non-potable sources.
CWSRF Energy Conservation Financing Terms The interest rate for CWSRF-eligible energy production and energy conservation projects will be 100 basis points (1 percent) below the rate GEFA charges for CWSRF loans (to the nearest hundredth of one percent). The following types of CWSRF projects are eligible for a 1 percent interest rate reduction:
Installing energy production projects at a publically-owned treatment facility via wind, solar, geothermal or biogas combined heat and power projects;
Inflow/infiltration projects that reduce power consumption and inflow/infiltration equipment; Projects that replace pumps and motors to reduce power consumption; Projects that eliminate pumps and pumping stations; and, Projects that install energy efficient treatment equipment or processes.
CWSRF Land Conservation Financing Terms The interest rate for CWSRF-land conservation projects will be 100 basis points (1 percent) below the rate GEFA charges for CWSRF loans (to the nearest hundredth of one percent).
Additional Subsidization The language within the FY 2012 Consolidated Appropriations Act (P.L. 112-74) states, "Not less than 20 percent but not more than 30 percent of the funds made available to each state for CWSRF capitalization grants shall be used by the state to provide additional subsidy to eligible recipients in the form of forgiveness of principal, negative interest loans, or grants. However, this requirement only applies to the portion of the CWSRF capitalization grant appropriation that exceeds $1 Billion." The CWSRF Program will not provide any project with principal forgiveness until Congress provides the final appropriation language for the FY 2014 grant and EPA provides state CWSRF programs with guidance. If principal forgiveness is required, the CWSRF Program will offer principal forgiveness to the highest scored projects that qualify for principal forgiveness until the principal forgiveness is exhausted. Principal forgiveness will be provided as a percent of the total project not to exceed $500,000 per project. If a community has multiple projects on the either the CWSRF CWSRF-Green or the CWSRF-Green Project List, only one project on each list will be provided with principal forgiveness. The required principal forgiveness amount may or may not be split between clean water projects and CWSRF-Green projects.
FY 2012 Consolidated Appropriations Act (P.L. 112-74) goes on to state, "additional subsidies can be provided to any eligible recipient of SRF assistance, although priority for additional subsidies should be given to communities that could not otherwise afford eligible projects or which are defined by the State as disadvantaged." GEFA will only provide principal forgiveness funding to
6

those communities located in "eligible" counties according to the OneGeorgia Authority's Eligibility Map. The OneGeorgia Authority uses income criteria including population, poverty rate and per capita income to identify eligible communities. The use of these affordability criteria will ensure that principal forgiveness will be provided to those communities who might not otherwise be able to afford such projects.
FOUR PERCENT ADMINISTRATION Georgia intends to use 4 percent of the capitalization grant for administrative purposes. Based on
the potential FY 2014 allotment of $25,000,000, $1,000,000 will be reserved for administrative support to manage and operate the CWSRF Program. A detailed account of the personnel costs associated with the 4 percent account can be found in Attachment 6.
CRITERIA AND METHOD FOR DISTRIBUTING FUNDS
Attachment 7 explains Georgia's criteria and method used to score and distribute funds for clean water projects while Attachment 8 explains the criteria and method used to score and distribute funds for CWSRF-Green projects.
Only those municipalities that have been designated as a "Qualified Local Government" and are in compliance with the Service Delivery Act of 1999 (House Bill 489), and appear on the state's Project Lists may receive a CWSRF loan commitment. Also, only those communities within the Metropolitan North Georgia Water Planning District (MNGWPD) that are in compliance or making a good faith effort toward compliance with the MNGWPD plans are eligible for CWSRF funding. Lastly, only those communities that are in compliance with plumbing code standards adopted through the Georgia Water Stewardship Act of 2010, codified in O.C.G.A. 8-2-3, will be eligible for financing through GEFA. Eligible project costs include planning, design, engineering construction, and in some limited cases, land acquisition costs attributed to the project. Land acquisition costs for land purchases for conservation through the Land Conservation Revolving Fund will also be eligible. Ineligible costs include maintenance and operation expenditures.
CWSRF GOALS AND OBJECTIVES
The CWSRF Program has three short term goals:
1. The CWSRF Program will work toward increasing its pace in comparison to the national average. According to the FY 2013 NIMS database, Georgia's CWSRF Program had a 79 percent rate for the pace indicator of "SRF Disbursements as a Percent of Funds Available." GEFA is currently implementing a new loan servicing software through Northbridge Consulting which will allow for increased cash flow management allowing for the faster disbursement of funds.
2. The CWSRF Program will work toward reducing the unliquidated obligations of the CWSRF Program and work to close the 2012 grant and 2013 grant by June 30, 2014.
3. The CWSRF program will use its new conservation initiative and interest rate reduction program to promote projects that produce and conserve energy at publically-owned wastewater treatment plants such as wind, solar and bio-gas combined heat and power projects as well as continue its efforts in the realm of water conservation.
7

20 PERCENT STATE MATCH REQUIREMENT
Under the provisions of the Water Quality Act of 1987, the state is required to deposit an amount equal to 20 percent of the total capitalization grant into the CWSRF Program. Based on the potential FY 2014 allotment of $25,000,000, the amount of state match required amounts to $5,000,000. General obligation bonds of $5,000,000 will be provided to GEFA by the state of Georgia as a match for the 2014 CWSRF Capitalization Grant award. GEFA will disburse these state bond funds along with federal direct capitalization grant funds in a manner that is proportionate to ensure the proper match on each loan disbursement. Each project which receives direct federal grant funds will receive a portion of the disbursement in federal funds (83 1/3 percent) and a portion of the disbursement in state match funds (16 2/3 percent). These state match funds will be held outside the CWSRF until the disbursement is made. Once these state dollars are disbursed to a project, those funds and the interest paid on those funds will become CWSRF funds and returned to the program.
ASSURANCES AND SPECIFIC PROPOSALS
In addition to the assurances that accompany the capitalization grant application (Standard Form 424) for 2014 funds, the CWSRF Program further agrees to adhere to all the certifications covered within its Operating Agreement with the EPA Region 4. The specific certifications are:
1. Capitalization Grant Acceptance 2. Payment Schedule 3. State Matching Funds 4. Commitment of 120 percent in One Year 5. All Funds - Timely Expenditure 6. Enforceable Requirements of the Act 7. Cross-Cutting Issues 8. State Law and Procedures 9. State Accounting and Auditing Procedures 10. Recipient Accounting and Auditing Procedures 11. Annual Report 12. Limitations on Eligibility 13. Maintain the Fund 14. Perpetuity 15. Types of Assistance 16. Limitations of Double Benefits 17. Consistency with Planning Requirements 18. Priority List 19. Annual Audit 20. Annual Federal Oversight Review and Technical Assistance 21. Dispute Resolution 22. Transfer of Funds between SRF Program
As in previous years, CWSRF program managers will continue to coordinate with the EPA Region
8

4 on items such as quarterly and annual reports, annual reviews, National Need Surveys, collection of NIMS data, training opportunities, and attendance at regional and national conferences, workshops, and various administrative program efforts. PUBLIC PARTICIPATION
This IUP is subject to review and comment by the public prior to incorporation into the 2014 Capitalization Grant Agreement. A public notice was placed in the Fulton County Daily Report on Thursday December 26, 2013, announcing a public meeting on the CWSRF IUP on Thursday, January 23, 2014, at 10:00 a.m. in GEFA's boardroom. A summary of this public meeting can be found within Attachment 9.
9

Community
Griffin Dudley
Griffin
Griffin Madison County IDBA

ATTACHMENT 1 CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (Clean Water Projects)

Score Pop.

Total Project Principal

Cost

Forgiveness

CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (Clean Water Projects)
Project Description

Category A Category B New & Plant Combined
Expansion Sewers

Category C Transport Systems

Category D Sewer
Rehabilitation

Category E Non-Point
Source

Category F Non-Point Source Land Purchases

Potato Creek WWTP EPD #28-014. Project involves the expansion and

upgrade to Potato Creek WWTP. The exisiting has a capacity of 2.0mgd

and discharges to Potato Creek. Current influent is approximately

1.7mgd. Projected industrial growth is expected to result in an increase

of influent flows of to 3.54mgd by 2025. The exapnsion will provide

treatment for 3.0mgd. The expansion will consist of 1.0mgd activated

sludge process. The waste load allocation has been provided by GAEPD.

The plant has been engineered and designed to meet those allocations.

84 23,451 $ 14,500,000

-

The plans are ready to submit for approval to from GAEPD.

X

Installation of energy efficient BlueFrog Technology in existing lagoon to

increase flow capacity to 0.30 MGD and enlarge chlorination facility with

de-chlorination and rehabilitation of existing wastewater collection

system to reduce infiltration & inflow with rehabilitation of pump

82

447 $ 2,000,000 $ 300,000 stations wetwells

X

X

X

X

The City of Griffin has delineated all of its watersheds into subbasins and

reviewed all structural, non-structural and LID BMP's options to comply

with the Stormwater Management Plan and its NPDES MS4 Permit

GAG610000. This project is located in the upper reaches of the Shoal

Creek Watershed which flows to the Flint River Basin. The project

perseves and restores steam bufferss as well as rebuilds the exisiting

lakes integrity. The project includes a forebay to maintenance the upland

erosion and silt from reaching Shoal Creek as well as captures floatables.

This is one of 57 identified restoration projects planned in the

67 23,451 $

650,000

-

watersheds of Griffin.

X

64 23,451 $ 14,500,000 -

Shoal Creek WPCP EPD 326-229. Project involves expansion of Shoal

Creek WWTP. the exisiting facility consists of an anaerobic system which

has a capacity of 2.25mgd with effluent to Blanton Mill Land Application

Site. Current influent flows are approximately 1.0mgd. The expansion of

the plant will treat 3.5mgd. The expansion consists of 1.25mgd advanced

biological treatment, activated mechanical treatment, disinfection, post

aeration and effluent screening disposal to Shoal Creek. GAEPD has

completed the wasteload allocation.

X

This project is part of long-term Regional Sewerage System

Improvements to attract commercial/industrial development and

replace aging infrastructure. Many of the septic systems are failing and

need to be abandoned. This portion of the project is to provide public

60 25,730 $ 2,500,000 $ 375,000 sewer service along Highway 72 from Hull to Colbert.

X

2014 Project List (Clean Water Projects)

10

Community
Fort Valley Utility Commission
Griffin Griffin Byron Cochran
Thomasville Helen Mansfield

Score Pop.

Total Project Principal

Cost

Forgiveness

CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (Clean Water Projects)
Project Description

Category A Category B New & Plant Combined
Expansion Sewers

Category C Transport Systems

Category D Sewer
Rehabilitation

Category E Non-Point
Source

Category F Non-Point Source Land Purchases

This project includes the addition of an innovative Speece Cone

oxygenation system at the Lanter Water Reclamation Facility (WRF). This

system will add oxygen to the WRF effluent at a variable level to match

the amount of Ultimate Oxygen Demand (UOD) that exceeds the facility's

permit. This project will provide the Utility Commission with the

flexibility needed to meet their effluent limits based on existing flows

59 8,005 $ 1,300,000 $ 195,000 and accounting for future growth.

X

The City of Griffin has deliniated all of their watersheds into

subwatersheds. Structural, Non-structural and LID BMP's have been

identified and calculated for efficiency removal of pollutants. As a

condition of our NPDES MS4 Permit GAG610000 Griffin has implemented

a construction schedule for implementation as designated in its

watershed implementation plans and its SWMP. This project is located in

the Cabin Creek Basin and will address 3 BMP's including stream bank

57 23,451 $

550,000

-

restoration.

The City of Griffin wastewater collection system has been in place since

the late 1920's. There are approximately 232 miles of sewer mains and

outfall lines. Many of these lines have out lived their useful life.

Infiltration and Inflow will be addressed by replacement, rehabilitation or

57 23,451 $ 1,500,000

-

renewal of the system.

City proposes to upgrade two existing lift stations and construct two new

lift stations to transmit the City's flows to Macon Water Authority

system. In conjunction, City will perform necessary construction to

abandon its existing wastewater treatment facility to comply with

53 2,887 $ 4,000,000 $ 500,000 Consent Order.

The project scope includes rehabilitation of the existing sewerage

system, including replacement of existing undersized sewers and lining

deteriorated sewer lines to reduce inflow and infiltration and prevent

massive, raw sewage overflows throughout the service area. During a

single storm event in 2013, the City experienced 17 spills throughout the

50 4,455 $ 1,500,000

-

City.

X X X X

This project will include rehabilitation of the existing sewer system within

the City's Stevenson Street Redevelopment Area. Existing clay and

concrete sewer mains are failing due to their age. These failing sewers

allow infiltration into the City's sewer system, contributing to large peak

flows following rain events. Existing sewer mains will be rehabilitated by

either the pipebursting method or the cured-in-place method. Existing

45 18,162 $

665,000

-

manholes will also be rehabilitated to eliminate infiltration.

X

Rehabilitate/ replace approximately 2,000 linear feet of sewer line that is

experiencing infiltration and inflow problems. The sewer is located in an

40

430 $

350,000

-

environmental sensitive area.

X

The project scope consists of rehabilitation of the city's existing packaged

water pollution control plant and installation of parallel treatment units

on the existing site. The current NPDES permit allows for 60,000 gpd of

treatment capacity. The City will request an increase to 120,000 gpd as

40

392 $ 2,000,000

-

part of this project.

X

2014 Project List (Clean Water Projects)

11

Community
Butler Hiawassee Waleska Camak Macon Water Authority Baldwin Braselton Dillard
Gray
Sylvania

Score
40 38 33

Pop.
1,907 808 616

Total Project Cost

$ 2,500,000

$

700,000

$ 1,250,000

CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (Clean Water Projects)

Category A Category B Category C

Principal

New & Plant Combined Transport

Forgiveness

Project Description

Expansion Sewers Systems

Rehabilitation of wastewater treatment facility headworks and transfer

pumping staon.

Improvements also inlcude rehablitation of portions of collection system

where I&I problems and blockages caused by root intrusion have

occurred. Collection system improvements also include rehabilitation of

an existing lift station that requires frequent repair due to its age and

-

condition.

X

The City proposes to make improvements to its wastewater treatment

facility. The City proposes to replace an out-dated UV disinfectant

System, and install a mechanical bar screen and aerator for redundancy.

The City also proposes to add safety grating for access for increased

-

safety for the operators

X

The City of Waleska plans to construct gravity sewers and pump stations

to serve the downtown business district with public sewer. The collected

sewage will be pumped to Reinhardt University's existing treatment

-

facility.

X

Category D Sewer
Rehabilitation
X

Category F Category E Non-Point Non-Point Source Land
Source Purchases

The Town of Camak requests GEFA funding for phase two of a three

phase project to provide sewer service to the town. The balance of

31

165 $

200,000

-

funding for the project is from the 2014 CDBG application.

X

Sewer Rehabilitation. Lining of existing 48-inch sewer pipe from Riverside

PS to Main Street PS, 24-inch, 30-inch, 36-inch Corbin to Riverside, 24-

30 14,074 $ 5,500,000

-

inch Lower Rocky Creek, Large diameter pipe in the Tobesofkee Basin

X

Upgrade and replace approx 3.5 miles of aged and undersized outfall and

30 2,425 $ 1,800,000

-

interceptor sewers including manholes

X

Replace an existing and aged outfall sewer (7,800 L.F.) serving the

30 1,206 $ 2,600,000

-

northeastern section of the service area.

X

Rehabilitate/ replace approximately 4,300 linear feet of sewer line that is

30

198 $

450,000

-

experiencing infiltration and inflow problems

X

30 1,811 $ 4,500,000

This project represents a comprehensive plan to provide the City of Gray

WWTF with much needed additional capacity and to ensure it

compliance with future, potentially more stringent effluent limits. This

project will include constructing a new oxidation ditch and will repurpose

the existing package plant as a digester. The project will involve new

influent pumping, secondary clarifiers, and tertiary filtration. A more

spacious operations/laboratory will replace the cramped multipurpose

space. A new treatment process must be undertaken soon as the aging

-

package plant has reached the end of its useful life.

X

25 2,675 $ 2,600,000

The project includes aeration basin improvements with the installation of

new aerators, piping, electrical and instrumentation modifications. Two

existing shallow settling tanks and the existing parshall flume will be

demolished and replaced with a new 40 foot diameter clarifier.

Mechanisms into existing secondary clarifiers will be replaced. The

chlorine system will be upgraded as well as the electrical system which

-

will be housed in a new motor control building.

X

2014 Project List (Clean Water Projects)

12

Community Clayton-Rabun County WSA Dillard
Jefferson
Jefferson Hart County WSA Macon Water Authority Macon Water Authority Macon Water Authority Tennille Statham Statham Warm Springs
Macon Water Authority

Score 25 20
18

Total Project

Pop.

Cost

236,517 $ 198 $

4,000,000 550,000

3,825 $ 1,730,000

CLEAN WATER STATE REVOLVING FUND

2014 PROJECT LIST (Clean Water Projects)

Category F

Category A Category B Category C Category D Category E Non-Point

Principal

New & Plant Combined Transport

Sewer

Non-Point Source Land

Forgiveness

Project Description

Expansion Sewers Systems Rehabilitation Source Purchases

The Authority proposes to extend its sanitary sewer system to serve the

south SR 441 area of Rabun County, that is currently not served. The

project includes 5 lift stations, approx 25,000 LF of forcemain, and approx

-

4,100 LF of gravity sewer.

X

The City proposes to construct approximately 8,400 linear feet of

-

sanitary sewer main in the Betty Creek Area

X

The City proposes to replace the west side wastewater pumping facility

that serves most of the western sector of the City of Jefferson. The

existing facility is undersized, as is the existing forcemain. Moreover the

location of the forcemain route is proposed for relocation into another

outfall line that is more capable of handling the existing and anticipated

-

flows

X

18 3,825 $ 18 22,997 $

800,000 1,365,000

The City proposes to replace approximately 4,500 linear feet of existing

undersized 8-inch outfall sewer in the east side of the community. The

sewer line is constructed of vitrified clay pipe which is estimated to be in

excess of 60 years of age. The line experiences infiltration and inflow,

frequent blockages and other failures typical to older clay sewer lines.

The City proposes to replace the line utilizing trenchless technology

because of environmentally sensitive areas and built up residential

-

structures.

HCWSA proposes to upgrade its lift station and forcemain at the

-

Gateway Industrial Park

X X

Rehabilitation to the by-pass pumps at the Amerson Water Treatment

plant. this plant is approaching 15 years in age and some of the original

15 14,074 $

750,000

-

equipment will be in need of maintenance rehabilitation.

X

Replacement &/or rehabilitation of clarifier units at the Rocky Creek

15 14,074 $ 1,500,000

-

waste water treatment plant.

X

Rehabilitation to existing Ocmulgee River intake pipe and structure. This

project may involve upgrades to the existing intake structure as well as

15 14,074 $ 3,500,000

-

rehabilitation to the intake.

X

Proposed project will include upgrading equipment and structures at the

15 1,505 $

200,000

-

City's waste water treatment facility.

X

Rehabilitate/ replace sewer line that is experiencing infiltration and

15 2,040 $

600,000

-

inflow problems in the north basin

X

Rehabilitate/ replace sewer line that is experiencing infiltration and

15 2,040 $ 1,300,000

-

inflow problems in the south basin

X

Rehabilitate/ replace approximately 16,200 linear feet of sewer line and

approximately 60 manholes that are experiencing infiltration and inflow

15

485 $ 1,360,000

-

problems

X

This project(s) includes the continued rehabilitation to gravity sewer

pipelines and manholes. MWA has elected to apply methods of repair

and rehabilitation over the past several years to our sewer system and

15 14,074 $ 5,000,000

-

this initiative will continue into FY14 - FY16.

X

2014 Project List (Clean Water Projects)

13

Community Macon Water Authority Maysville
Jefferson Stillmore Savannah GA Gateway CID Braselton LaGrange Augusta
Social Circle

Score 15

Pop. 14,074

Total Project Cost
$ 2,500,000

CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (Clean Water Projects)

Category A Category B Category C

Principal

New & Plant Combined Transport

Forgiveness

Project Description

Expansion Sewers Systems

Rehabilitation &/or replacement of 4 of 8 belt presses at the Rocky Creek

waste water treatment plant. Belt presses are decades old and in need

-

of rehab.

X

Category D Sewer
Rehabilitation

Category F Category E Non-Point Non-Point Source Land
Source Purchases

Rehabilitate/ replace wastewater pumping stations, forcemains, and

10 1,247 $ 1,000,000

-

gravity sewer that is experiencing infiltration and inflow problems

X

The City proposes to improve its wastewater treatment facility to reuse

quality, and discharge its reuse water above its raw water reservoir. The

proposed project will improve the treated effluent quality and increase

8 3,825 $ 2,613,300

-

water supply to the raw water reservoir and water treatment facility.

X

Modifications to four (4) sewer pump stations and collection system

0

730 $

700,000

-

rehabilitation.

0 136,286 $ 22,568,000

-

President Street Biosolids Handling Facility

X

Master sewer and stormwater systems for the proposed EPIC adventures

0

- $ 13,950,000

-

resort in Kingsland.

Sewer system improvements in the Northeast section of Braselton in

order to provide adequate sewer collection and relieve existing

0 7,511 $ 1,842,250

-

undersized sewer lines.

Landfill cell construction including leachate collection and automated

pumping system and new stormwater system that reduces TSS in the

0 29,588 $ 3,000,000

-

discharge to surface waters.

This project would fund costs associated with the startup of a

0 195,844 $ 3,000,000

-

stormwater utility for Augusta-Richmond County.

Construction of a new 1.4 MGD wastewater treatment plant on city-

owned property adjacent to the existing plant. The existing plant will be

utilized as a flow equalization basin. The existing floating aerators will be

utilized in the equalization basin and the current fixed stationary

0 4,262 $ 9,000,000

-

aerators will be removed.

X

$ 150,943,550 $ 1,370,000

X

X

X

X

X X

2014 Project List (Clean Water Projects)

14

ATTACHMENT 2 CLEAN WATER STATE REVOLVING FUND
2014 PROJECT LIST (Green Projects)

CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (GREEN PROJECTS)

Community Score Pop.

Total Project Principal Water Energy

Green

Cost

Forgiveness Efficiency Efficiency Infrastructure

Project Description

Byron

46 2,887 $ 4,000,000 $ 400,000

X

Chatsworth

Water Works

Commission

34 4,299 $ 2,500,000

-

X

Baxley

33 4,150 $ 2,750,000 $ 275,000

X

Woodbine

32 1,218 $ 2,750,000

-

X

Waycross

32 15,333 $ 2,750,000 $ 275,000

X

Blackshear

32 3,283 $ 2,750,000 $ 275,000

X

Demorest

27.5 1,465 $ 1,040,000

-

X

Rehabilitation of existing gravity sanitary sewer system through pipe-bursting, slip-lining, removal and replacement, etc. City performed first phase through a previous GEFA/ARRA funding mechanism. City experiences significant I and I issues with average rainfall events resulting in sewer flows in excess of 5 - 6 times their average daily flow. This results in overloading both existing gravity and pumping systems and leads to excessive power bills and charges from Macon Water Authority who meters pumped flows from Byron to its system. Byron gets billed for pumping all this excess stormwater to MWA.
Installation of a 900kW solar system to provide power for the waste water treatment plant. Current projections estimate this will serve 80% to 85% of our long term power needs at a stable economical rate. The City of Baxley Water Department would like to build a 1MW solar array to provide power for our WTP, WWTP. We will do a solar optimization study for the plant to determine the appropriate sized array. Our Project Manager Greenavations Power, LLC has performed a feasibility and cost benefit analysis showing that this array will produce 1,800,000 kWh per year and could offset more than 50+% of our annual power costs. This is an annual savings of $100-150,000/year based on our current energy rates. According to EPA guidelines this array will offset 1,100 tons of CO2 per year. The City of Woodbine(pop. 8,300) would like to build up to a 1 MW solar array to provide power for our WWTP. We will do a solar optimization study for the plant to determine the appropriate sized array. Our Project Manager Greenavations Power, LLC has performed a feasibility and cost benefit analysis showing this array will produce up to 1,700,000 kWh per year and could offset 40+% of our annual power costs. This is an annual savings of $100-150,000/year based on our current energy rates. According to EPA guidelines this array will offset 1,900 tons of CO2 per year. The City of Waycross Water Department would like to build up to a 1 MW solar array to provide power for our WWTP. We will do a solar optimization study for the plant to determine the appropriate sized array. Our Project Manager Greenavations Power, LLC has performed a feasibility and cost benefit analysis showing this array will produce up to 1,700,000 kWh per year and could offset 40+% of our annual power costs. This is an annual savings of $100-150,000/year based on our current energy rates. According to EPA guidelines this array will offset 1,900 tons of CO2 per year. The City of Blackshear would like to build up to a 1 MW solar array to provide power for our WWTP. We will do a solar optimization study for the plant to determine the appropriate sized array. Our Project Manager Greenavations Power, LLC has performed a feasibility and cost benefit analysis showing this array will produce up to 1,700,000 kWh per year and could offset 40+% of our annual power costs. This is an annual savings of $100150,000/year based on our current energy rates. According to EPA guidelines this array will offset 1,900 tons of CO2 per year. The City of Demorest, GA would like to build up to a 400kW solar array to provide power for our WWTP. We will do a solar optimization study for the plant to determine the appropriate sized array. Our Project Manager Greenavations Power, LLC has performed a feasibility and cost benefit analysis showing this array will produce up to 685,032 kWh per year and could offset 50+% of our annual power costs. This is an annual savings of $7090,000/year based on our current energy rates. According to EPA guidelines this array will offset 788 tons of CO2 per year.

2014 Project List (Green Projects)

15

CLEAN WATER STATE REVOLVING FUND 2014 PROJECT LIST (GREEN PROJECTS)

Community Tybee Island
Patterson Braselton

Score 27
27 25

Total Project

Pop.

Cost

3,392 $ 150,000

627 $ 300,000 1,206 $ 1,500,000

Principal Forgiveness
-
-

Water Efficiency
X

Energy

Green

Project Description

Efficiency Infrastructure

X

Installation of a wind turbine at the water or sewer treatment facility to provide direct use power

The City of Patterson, GA would like to build up to a 60kW solar array to provide power for our WWTP. We will

do a solar optimization study for the plant to determine the appropriate sized array. Our Project Manager

Greenavations Power, LLC has performed a feasibility and cost benefit analysis showing this array will produce

up to 118,260 kWh per year and could offset 40+% of our annual power costs. This is an annual savings of

$10,000-12,000/year based on our current energy rates. According to EPA guidelines this array will offset 13.5

tons of CO2 per year.

X

The Town of Braselton proposes to extend its reuse water distribution system by installing approximately 25,000

linear feet of 8" to 2" reuse distribution main in the northwest section of Town

Braselton

22.5 1,206 $ 860,000

-

The Town of Braselton proposes to build a high efficiency lab and control building at the water reclamation

X

facility to replace the existing aged and out-of-date building with a LEED certified building

Emerson

22 1,092 $ 230,000

-

X

$ 21,580,000 $ 1,225,000

City of Emerson wants to make energy efficiency improvements to the sewage treatment plant to reduce the environmental impact. The project includes a ground mounted single axis tracking array to generate 50kW of power. This will reduce peak power consumption during the most critical time of the day.

2014 Project List (Green Projects)

16

ATTACHMENT 3 CLEAN WATER STATE REVOLVING FUND ESTIMATED DISBURSEMENT SCHEDULE

LOAN

PROJECT Griffin Dudley Griffin Griffin Madison Co. IDBA Fort Valley UC Griffin Griffin Byron Cochran Thomasville Helen Mansfield Butler Hiawassee Waleska Camak Macon WA Baldwin Braselton Dillard Gray Sylvania Clayton-Rabun Co. WSA Dillard Jefferson Jefferson Hart County WSA Macon WA Macon WA

AMOUNT 14,500,000 2,000,000 650,000 14,500,000 2,500,000 1,300,000 550,000 1,500,000 4,000,000 1,500,000 665,000 350,000 2,000,000 2,500,000 700,000 1,250,000 200,000 5,500,000 1,800,000 2,600,000 450,000 4,500,000 2,600,000 4,000,000 550,000 1,730,000 800,000 1,365,000 750,000 1,500,000

Macon WA Tennille Statham Statham Warm Springs Macon WA Macon WA Maysville Jefferson Stillmore Byron Chatsworth Water Baxley Woodbine Waycross Blackshear Demorest Tybee Island Patterson Braselton Braselton Emerson
TOTAL $

3,500,000 200,000 600,000
1,300,000 1,360,000 5,000,000 2,500,000 1,000,000 2,613,300
700,000 4,000,000 2,500,000 2,750,000 2,750,000 2,750,000 2,750,000 1,040,000
150,000 300,000 1,500,000 860,000 230,000
119,163,300

BINDING
COMM.
DATE 5/1/2014 8/1/2014 3/1/2014 3/1/2016 3/1/2014 12/1/2014 7/1/2014 7/1/2015 6/30/2014 8/25/2014 3/16/2015 8/1/2014 8/18/2014 12/15/2014 8/1/2014 12/4/2014 8/15/2014 7/13/2014 8/1/2014 8/1/2014 8/1/2014 1/1/2015 6/1/2014 12/1/2014 8/1/2014 8/1/2014 8/1/2014 12/1/2014 12/2/2013 12/5/2013
2/3/2014 7/21/2014
8/1/2014 8/1/2014 8/1/2014 10/1/2014 12/5/2014 8/1/2014 8/1/2014 8/1/2015 10/13/2014 2/1/2014 5/1/2014 5/1/2014 5/1/2014 5/1/2014 5/1/2014 4/1/2014 5/1/2014 3/1/2014 3/1/2014 6/2/2014

CONSTR.
START
DATE 7/1/2014
8/15/2014 6/1/2014 5/1/2016 3/1/2014 1/5/2015 9/1/2014 8/1/2015
6/30/2014 10/6/2014 3/23/2015 10/1/2014
9/2/2014 12/15/2014
9/1/2014 1/15/2015
9/1/2014 8/9/2014 10/1/2014 10/1/2014 10/1/2014 2/1/2015 6/15/2014 1/1/2015 9/1/2014 9/1/2014 9/1/2014 1/1/2015 3/2/2015 12/20/2013
2/17/2014 8/18/2014 10/1/2014 10/1/2014
9/1/2014 11/3/2014 12/19/2014
9/1/2014 10/1/2014
9/1/2015 10/13/2014
3/1/2014 6/1/2014 6/1/2014 6/1/2014 6/1/2014 6/1/2014 4/1/2014 6/1/2014 4/1/2014 4/1/2014 7/1/2014

TARGET
COMPL.
DATE 6/30/2016 6/30/2015 12/31/2014
5/1/2018 8/1/2015 12/31/2015 3/1/2015 2/1/2016 2/27/2015 10/31/2015 11/20/2015 6/1/2015 12/31/2015 8/15/2015 1/1/2015 1/31/2016 5/31/2015 11/8/2015 8/1/2015 10/1/2015 6/1/2015 2/1/2016 6/15/2015 3/1/2016 7/1/2015 6/1/2015 4/1/2015 3/1/2016 12/31/2015 9/26/2014
9/30/2015 6/30/2015
6/1/2015 6/1/2015 6/1/2015 12/31/2015 6/30/2015 1/1/2017 10/1/2015 2/28/2016 6/19/2015 5/1/2014 12/31/2014 12/31/2014 12/31/2014 12/31/2014 12/31/2014 10/1/2014 12/31/2014 12/1/2014 12/1/2014 12/31/2014

1ST QTR 4/14-6/14
150,000 1,115,380
250,000
500,000 500,000
$2,515,380.00

2ND QTR 7/14-9/14 1,812,500
500,000 250,000 1,115,380 500,000
1,333,333
200,000 20,000
1,000,000
650,000 10,000
230,000
500,000 500,000
20,000 70,000 100,000
$8,811,213.00

3TH QTR 10/14-12/14 1,812,500
500,000 250,000 1,115,380 500,000
50,000
1,333,333 350,000
150,000 400,000
500,000
60,000 1,000,000
500,000 650,000 200,000
650,000
180,000 500,000 400,000
500,000 60,000
225,000 500,000 430,000 1,000,000
100,000 653,325
1,200,000
$15,769,538.00

4TH QTR 1/15-3/15 1,812,500
500,000
1,115,380 500,000 325,000 250,000
1,333,334 350,000
150,000 400,000 1,000,000
300,000 60,000
1,000,000 500,000 650,000 200,000
1,000,000 650,000 800,000 180,000 500,000 400,000 273,000
500,000 60,000
225,000 500,000 430,000 1,000,000 1,250,000 100,000 653,325
1,400,000 1,250,000
$21,617,539.00

1ST QTR
4/15-6/15 1,812,500 500,000
1,115,380 500,000 325,000 250,000
350,000 222,000
50,000 400,000 1,000,000
300,000 60,000
1,000,000 500,000 650,000 50,000
1,000,000 650,000 800,000 180,000 500,000
273,000 250,000
500,000 60,000
150,000 300,000 430,000 1,000,000 1,250,000 100,000 653,325
1,400,000 1,250,000
250,000 250,000 250,000 250,000 250,000
75,000 20,000 600,000 300,000
$22,076,205.00

2ND QTR 7/15-9/15 1,812,500
1,115,380 250,000 325,000
500,000
350,000 222,000
400,000 500,000
300,000
1,000,000 300,000 650,000
1,000,000
800,000
273,000 250,000
500,000
1,000,000
100,000 653,325 100,000
1,250,000 1,250,000 1,250,000 1,250,000 1,250,000
75,000 140,000 600,000 300,000 115,000 $19,881,205.00

3TH QTR
10/15-12/15 1,812,500

4TH QTR
1/16-3/16 1,812,500

1,115,380 325,000 500,000 100,000 221,000 400,000

1,115,380 500,000

300,000 500,000

50,000

1,000,000 800,000

500,000 800,000

273,000 250,000

273,000

1,000,000 100,000 300,000

100,000 300,000

1,250,000 1,250,000 1,250,000 1,250,000 1,250,000

140,000 300,000 260,000 115,000
$16,061,880.00

$5,450,880.00

TOTAL
DISBURS.
$12,687,500 $2,000,000 $650,000 $8,923,040 $2,500,000 $1,300,000 $550,000 $1,500,000 $4,000,000 $1,500,000 $665,000 $350,000 $2,000,000 $2,500,000 $700,000 $1,250,000 $200,000 $5,500,000 $1,800,000 $2,600,000 $450,000 $4,500,000 $2,600,000 $4,000,000 $550,000 $1,730,000 $800,000 $1,365,000 $750,000 $1,000,000
$3,000,000 $200,000 $600,000
$1,300,000 $1,360,000 $5,000,000 $2,500,000
$700,000 $2,613,300
$700,000 $4,000,000 $2,500,000 $2,750,000 $2,750,000 $2,750,000 $2,750,000 $2,750,000
$150,000 $300,000 $1,500,000 $860,000 $230,000
$112,183,840.00

2014 Estimated CWSRF Disbursement Schedule

17

ATTACHMENT 4 - 2014 ASAP CWSRF Payment Schedule
CLEAN WATER STATE REVOLVING FUND 2014 ASAP PAYMENT SCHEDULE

Payment No. 1 2 3 4 5 6 7 8
Total

Federal Fiscal Year

Quarter

Date

3rd Quarter

4/2014 - 6/2014

4th Quarter

7/2014 - 9/2014

1st Quarter

10/2014 - 12/2014

2nd Quarter

1/2015 - 3/2015

3th Quarter

4/2015 - 6/2015

4th Quarter

7/2015 - 9/2015

1st Quarter

10/2015 - 12/2015

2nd Quarter

1/2016 - 3/2016

Amount ($) $23,707,000
-$0-$0-$0-$0-$0-$0-$0$23,707,000

18

ATTACHMENT 5 CLEAN WATER STATE REVOLVING FUND
ESTIMATED SOURCES AND USES

Sources & Uses
Sources 2013 Capitalization Grant Funds 2014 Capitalization Grant Funds State Match Funds Repayments
CWSRF Federal Repayments Fees Collected
Closing fee Investment Earnings (Short & Long Term)
CWSRF Federal Repayment Fund CWSRF State-Match Repay Fund Closing Fee (program) Closing fee (non-program)
Total Sources $ Uses CWSRF Disbursements - 2013 Cap Grant CWSRF Disbursements - 2014 Cap Grant CWSRF Disbursements - State Match CWSRF Disbursements - Repayments CWSRF Administration - (4%) CWSRF Non-program Income
Total Uses $

1ST QTR 4/14-6/14
10,000,000 22,573,000
16,200,000
168,000
65,000 29,000 11,000
775 49,046,775 $
7,000,000
1,162,000 2,000,000
375,000 786,677 11,323,677 $

2ND QTR 7/14-9/14

3TH QTR 10/14-12/14

4,600,000

16,600,000

17,000,000

146,000

150,000

67,763 30,233 11,468
808 21,456,272 $

70,642 31,517 11,955
842 17,264,956 $

5,000,000 5,000,000 1,660,000 2,000,000
375,000

6,000,000 996,000
4,000,000 375,000

14,035,000 $ 11,371,000 $

4TH QTR 1/15-3/15

1ST QTR 4/15-6/15

2ND QTR 7/15-9/15

3TH QTR 10/15-12/15

4TH QTR 1/16-3/16

$ $ $

17,300,000

17,500,000

17,700,000

17,900,000

18,000,000 $

150,000

150,000

120,000

73,645 32,857 12,463
878 17,569,843 $

76,775 34,253 12,993
915 17,774,936 $

80,038 35,709 13,545
954 17,950,246 $

120,000
83,439 37,227 14,120
995 18,155,781 $

120,000 $ $
86,985 $ 38,809 $ 14,721 $
1,037 $ 18,261,552 $

5,000,000 830,000
4,000,000 375,000

5,000,000 830,000
4,000,000 375,000

10,000,000 375,000

10,205,000 $ 10,205,000 $ 10,375,000 $

10,000,000 375,000
10,375,000 $

$ $ $ 10,000,000 $ 375,000 $ $ 10,375,000 $

Total
10,000,000 22,573,000
4,600,000
138,200,000
1,124,000 -
604,287 269,605 102,265
7,204 177,480,361
12,000,000 21,000,000
5,478,000 46,000,000
3,000,000 786,677
88,264,677

2014 CWSRF - Estimated Sources and Uses

19

ATTACHMENT 6 CWSRF 4 Percent Administrative Funds 2014 CWSRF 4 Percent ADMINISTRATIVE FUNDS

The CWSRF Program allows 4 percent of the capitalization grant to be used for the administration of the CWSRF Program. The table below displays how this $1,000,000 will be spent to administer the funds in this application as well as ongoing projects. Existing funds from previous grants will be used to supplement any costs incurred above and beyond the $1,000,000 in this grant application.

4 Percent Administration (2014 - $1,000,000)

Activity CWSRF Administration

Activity Activities include project reviews and approvals; planning; project development; information tracking; information gathering and development of the National Needs Survey; project ranking; issuing Notices of No Significant Impacts (NONSI); Categorical Exclusions; construction management; MBE/WBE requirements; project inspections; and assistance with the National Information Management System (NIMS).
Total

Cost Engineering and Technical Support Contract: $400,750 GEFA staff: $599,250
$1,000,000

Comments Any remaining funds will be banked to administer the CWSRF Program in future years.
Any additional funds needed above the $1,000,000 will be used from previous capitalization grants rolled forward.

20

ATTACHMENT 7 Ranking Criteria for CWSRF Projects (Clean Water Projects)
2014 CWSRF Project Solicitation Project Ranking Criteria

(Maximum Point Total - 100 Points)*

Projects will be rated in five categories to determine their eligibility and selection for funding under the CWSRF Program.

CLEAN WATER SRF CLEAN WATER STATE REVOLVING FUND SCORING SYSTEM
1. Readiness To Proceed (maximum of 30 points) 2. Organizational and Technical Capacity (maximum of 15 points) 3. Compliance Benefit (maximum of 25 points) 4. Environmental Benefit / Performance (maximum of 20 points) 5. Other Applicant or Project Attributes (maximum of 10 points)
CLEAN WATER STATE REVOLVING FUND SCORING SYSTEM DETAILED BREAKDOWN 1. Readiness To Proceed (maximum of 30 points) CHECK ALL THAT APPLY a. State Environmental Review Process complete NONSI or CE approved. b. State Environmental Review Process progress NONSI or CE issued c. Completed application part 1 submitted to GEFA
2. Organizational and Technical Capacity (maximum of 15 points) CHECK ANY BELOW THAT APPLY a. Applicant maintains a central asset inventory (with descriptive information about assets such as age, size, construction materials, location, installation date, condition, remaining useful life) and a complete water system map b. Applicant maintains long-term water and/or sewer Capital Improvement Plan (covering at least the next 5 years) c. Applicant funds a dedicated capital improvement reserve from current revenues (i.e., creates an asset annuity)
3. Compliance Benefit (maximum of 25 points) CHECK HIGHEST LEVEL BELOW THAT APPLIES a. Project is needed to fully address deficiencies documented in Emergency or Administrative Order (Order #:_________) b. Project is needed to achieve compliance with final effluent limitations and applicant is under enforceable order from EPD to construct project c. Project is needed to achieve / maintain compliance with applicable permit (NPDES, LAS, MS4) d. Project is needed to fully address deficiencies documented in an enforcement action e. Project is needed to achieve / maintain compliance with Georgia's Nonpoint Source Management Plan
Note total points available in category above exceed 25, but maximum possible score is 25
4. Environmental Benefit / Performance (maximum of 20 points)
CHECK ANY BELOW THAT APPLY a. Receiving stream segment affected by the project is list as non-attaining of designated use on either the 303(d) list or the 305(b) list b. Project will eliminate leaking / failing septic systems c. Loan applicant is a current or pending MS4 permittee and the project is a component of its storm water management program d. Project is a non-point source pollution control activity recommended in a watershed assessment study required by EPD or initiated by the applicant e. A significant portion of the project involves the construction of structural non-point source pollution controls
Note total points available in category above exceed 20, but maximum possible score is 20

10 pts 10 pts 10 pts
5 pts
5 pts 5 pts
25 pts 20 pts 15 pts 10 pts
5 pts
15 pts 15 pts
5 pts 5 pts 5 pts

21

5. Other Applicant or Project Attributes (maximum of 10 points) CHECK ANY BELOW THAT APPLY a. Project benefits more than one system or community (e.g. sewer interconnection) b. Project entails assuming control of another system (public or private) which is noncompliant, on the verge of noncompliance or otherwise does not operate effectively and efficiently. c. Project entails the use of new, promising technology or represents an innovative approach to enhancing water quality and protecting human health
* GEFA reserves the right to verify any information submitted within the pre-application.
22

ATTACHMENT 8 Ranking Criteria for CWSRF Projects (Green Projects)
2014 Green Project Solicitation Green Project Ranking Criteria

(Maximum Point Total - 100 Points)*

Projects will be rated in six categories to determine their eligibility and selection for funding under the CWSRF Program.
SRF GREEN PROJECT RESERVE PROJECTS
CONSERVATION PROJECT SCORING SYSTEM SUMMARY 1. Readiness To Proceed (maximum of 30 points) 2. Organizational and Technical Capacity (maximum of 10 points) 3. Water Efficiency Benefit / Performance (maximum of 20 points) 4. Energy Efficiency Benefit / Performance (maximum of 15 points) 5. Green Infrastructure Benefit / Performance (maximum of 15 points) 6. Other Applicant or Project Attributes (maximum of 10 points)
CONSERVATION PROJECT SCORING SYSTEM DETAILED BREAKDOWN 1. Readiness To Proceed (maximum of 30 points) CHECK ALL THAT APPLY a. State Environmental Review Process complete NONSI or CE approved a. State Environmental Review Process progress NONSI or CE issued b. Completed application part 1 submitted to GEFA
2. Organizational and Technical Capacity (maximum of 10 points) ANY BELOW THAT APPLY a. Applicant maintains a central asset inventory (with descriptive information about assets such as age, size, construction materials, location, installation date, condition, remaining useful life) and a complete water system map b. Applicant maintains long-term water and/or sewer Capital Improvement Plan (covering at least the next 5 years) c. Applicant funds a dedicated capital improvement reserve from current revenues (i.e., creates an asset annuity)
3. Water Efficiency Benefit / Performance (maximum of 20 points) PROVIDE RESPONSES TO EACH STATEMENT (NUMERIC RESPONSES WILL BE EVALUATED ON A CURVE) a. Leak detection and correction (leak detection & pipe replacement reduction of real loss) i. Estimated annual water savings that will result from proposed project: ___MG (per year) ii. Estimated annual cost savings due to lower water treatment volumes that will result from proposed project: $___ (per year) b. Metering (reduction of apparent losses) i. Estimated annual revenue increase that will result from proposed metering project: $____ (per year) ii. Estimated payback period for project (total project cost / estimated annual revenue increase that results from project): ____ c. Water Fixture or Irrigation System Retrofit or Rebate Program/Project i. Estimated annual water savings that will result from proposed project: ___MG (per year) ii. Estimated annual cost savings due to lower water treatment volumes that will result from proposed project: $___ (per year) d. Water Reuse / Water Recycling i. Estimated annual amount of reused or recycled water that will be made available to customers and will displace equivalent demand for potable water: ____MG (per year) ii. Estimated cost per annual gallon reused/recycled (total project cost / gallons reused/recycled per year): ____
23

10 pts 10 pts 10 pts
4 pts 4 pts 2 pts
5 pts
5 pts
5 pts
5 pts

4. Energy Efficiency Benefit / Performance (maximum of 15 points) PROVIDE RESPONSES TO EACH APPLICABLE STATEMENT a. Pump / Motor / Blower Replacement and Treatment Improvements i. Estimated annual kilowatt-hour reduction that will result from project: ____kWh (per year) ii. Assuming 10 per kWh, annual dollar savings that will result from proposed project: $___(per year) b. On-site renewable energy production at water/wastewater facility i. Estimated annual kilowatt-hours of electricity that will be generated on-site as a result of proposed project: ____kWh (per year) ii. Assuming 10 per kWh, annual dollar savings that will result from proposed project: $___ (per year) c. Metering upgrade of meter technology from manual read i. Estimated annual fuel savings that will result from proposed project: _____gallons (per year) ii. Estimated annual cost savings from fuel use reduction that would result from proposed project: $_____ (per year)

5 pts 5 pts 5 pts

5. Green Infrastructure Benefit / Performance (maximum of 15 points) PROVIDE RESPONSES TO EACH STATEMENT (NUMERIC RESPONSES WILL BE EVALUATED ON A CURVE) a. Estimated annual pollutant loading / runoff reduction into receiving waterway that will result from proposed project: _____lbs. (per year) b. Estimated annual stormwater kept out of sewer system: _____gals (per year) c. Estimated annual cost savings due to lower wastewater treatment volumes that will result from proposed project: $___ (per year) d. Receiving stream segment affected by the project is listed as non-attaining of designated use on either the 303(d) list or the 305(b) list e. Loan applicant is a current or pending MS4 permittee and the project is a component of its storm water management program f. Project is a non-point source pollution control activity recommended in a watershed assessment study required by EPD or initiated by the applicant g. Project is a part of a watershed-wide or regional approach to addressing non-point source pollution

4 pts 2 pts 2 pts 4 pts 1 pts 1 pts 1 pts

6. Other Applicant or Project Attributes (maximum of 10 points) a. Impact Statement GEFA will evaluate a short statement of impact from each applicant that addresses at least the following impact metrics: project is highly visible and/or provides strong opportunity for public education, project will support other environmental goals of the city, county or state (e.g. removal of invasive species, project will create recreational opportunities, project will achieve superior environmental performance (beyond that required for federal or state permits), etc. This information should be in addition to information otherwise provided. (300-word limit)

10 pts

*GEFA reserves the right to verify any information submitted within the pre-application.

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ATTACHMENT 9 - Public Participation Summary CLEAN WATER STATE REVOLVING FUND PUBLIC PARTICIPATION SUMMARY
On Thursday January 23, 2014, at 10:00 a.m. the Georgia Environmental Finance Authority (GEFA) held a public meeting on the FY 2014 Intended Use Plan for the Clean Water & Drinking Water State Revolving Funds. The meeting took place in the GEFA boardroom located on the 9th Floor of the Harris Tower at 233 Peachtree Street, Atlanta, Georgia 30303. In attendance at the public meeting were Jason Bodwell, GEFA, Jenerrah Byron, GEFA, and Michael Roberts, GEFA. No one from the public attended the meeting. The meeting was closed at 10:25 AM. GEFA posted the IUP on its website after the public meeting.
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ATTACHMENT 10 - Program Policies LOAN PROGRAM POLICIES
(WATER QUALITY PROJECTS) JANUARY 2014
1. PURPOSE
The purpose of the Georgia Environmental Finance Authority's (GEFA) water, land and solid waste loan programs is to provide affordable financing to local governments throughout Georgia to develop environmental infrastructure that protects public health, preserves our natural resources and promotes economic development. GEFA sustains this mission through effective, efficient and prudent management of these public resources.
2. APPLICABILITY
Loan program policies govern the use of funds managed within: the Georgia Fund loan program; the Georgia Reservoir and Water Supply Fund loan program; the Clean Water State Revolving Fund (SRF) loan program; and the Drinking Water State Revolving Fund (SRF) loan program.
3. SUB-PROGRAMS
GEFA operates several sub-programs within specific funds. These sub-programs include:
a. Georgia Fund Environmental Emergency Loan Program Assists communities in financing improvements that are necessary to eliminate actual or potential public health hazards. To be eligible, the project must directly address system needs caused by an event that occurred within the past six months. The project must have a sense of urgency and cannot be caused by a lack of maintenance of the water or sewer system. Relevant terms are addressed in these policies. Interim Loan Financing Program Assists local governments that have a known source of permanent financing for a water and/or sewer project, but require financing for the construction period of the project. Relevant terms are addressed in these policies.
b. Georgia Reservoir and Water Supply Fund Governor's Water Supply Program Assists local governments with developing new sources of water supply adequate to meet future water demands.
c. Clean Water SRF Land Conservation Loan Program GEFA makes land conservation loans through the Clean Water SRF that achieve the objectives of the Georgia Land Conservation Program (GLCP) and the federal Clean Water Act (CWA).
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4. ELIGIBLE RECIPIENTS
a. Type of Entity: GEFA can only make funding commitments to local governments and instrumentalities of the state, including any municipal corporation, county or local water or sewer or sanitary district, and any state or local authority, board, or political subdivision created by the General Assembly or pursuant to the Constitution and laws of the state, or nongovernmental entity with an approved land conservation project.
b. Minimum Recipient Qualifications i. Qualified Local Government Municipalities and counties must be certified as Qualified Local Governments by the Georgia Department of Community Affairs (DCA). ii. Service Delivery Strategy Municipalities, counties and authorities must be included in a DCAverified Service Delivery Strategy. Additionally, the project for which an applicant seeks financing must be consistent with the verified strategy. iii. State Audit Requirements Municipalities, counties, authorities and nongovernmental entities must be in compliance with all state audit requirements. iv. Metro Plan Compliance Municipalities, counties and authorities located within the Metropolitan North Georgia Water Planning District (MNGWPD) can receive GEFA financing if the director of the Environmental Protection Division (EPD) has certified that the applicant/recipient is in compliance or is making a good faith effort to comply with all MNGWPD plans and/or enforcement measures. v. Updated Building Codes Municipalities and counties must have adopted and enforce the provisions of O.C.G.A. 8-2-3 relating to installation of high-efficiency plumbing fixtures. vi. Current Loan Agreements A current GEFA borrower can receive additional GEFA financing only if the borrower is in compliance with the existing credit documents (e.g., loan agreement and promissory note).
vii. Nongovernmental Entities Nongovernmental entities must be a nonprofit organization with a primary purpose of permanently protecting or conserving land and natural resources, as evidenced by their organizational documents, consistent with O.C.G.A. 12-6A-2(9.1).
5. ELIGIBLE PROJECTS
GEFA's loan programs can provide financing for a broad range of water, sewer, stormwater, non-point source pollution prevention, land conservation, and solid waste projects. Specific project eligibility varies by program. The types of projects eligible for financing from each program are listed under the respective program below. There are specific project eligibility requirements that apply to all GEFA financing. The minimum project requirements are listed below.
a. The Georgia Fund may finance these types of projects: Water projects for supplying, distributing, and treating water and diverting, channeling, or controlling water flow consistent with O.C.G.A. 50-23-4(5)(A). Sewer projects for collecting, treating, or disposing of sewage consistent with O.C.G.A. 50-234(5)(B). Solid Waste projects for collecting, treating, recycling, composting, or disposing of solid waste consistent with O.C.G.A. 50-23-4(5)(C).
b. The Georgia Reservoir and Water Supply Fund may finance these types of projects: Expanding existing water supply, amenity or flood control reservoirs for water supply; Converting flood control or amenity reservoirs to water supply reservoirs;
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Increasing safe yield of existing water supply reservoirs through the addition of pump storage capability;
Removing sediment from existing water supply reservoirs to increase safe yield; Establishing new water supply reservoirs; Interconnecting water systems for supply and/or supply redundancy; Drilling new wells, including for direct potable use or stream flow augmentation that protects
or enhances water supply; Reopening inactive wells; Desalination; Developing aquifer storage and recovery capability; Indirect potable reuse systems; and Project planning, design and permitting.
c. The Clean Water SRF may finance projects consistent with the eligibility requirements contained in the CWA. Such projects include:
Projects for collecting, treating, or disposing of sewage under section 212 of the CWA. Projects for the implementation of a nonpoint source pollution control management program under
section 319 of the CWA, including projects that permanently protect conservation land as defined by O.C.G.A. 12-6A-2(5).
d. The Drinking Water SRF may finance projects consistent with the eligibility requirements contained in Safe Drinking Water Act (CFR 35.3520). Such projects should address present or prevent future violations of health- based drinking water standards or be needed to maintain compliance with existing national primacy drinking water regulations for contaminants with acute chronic health effects. Such projects include: Installation or upgrade of facilities to improve the quality of drinking water; Installation or replacement of transmission and distribution pipes to improve pressure or prevent leaks or breaks; Rehabilitation of wells or development of new water sources to replace contaminated sources; Installation or upgrade of storage facilities; Consolidation of water systems; and Creation of a new water system.
e. Minimum Project Eligibility Requirements Under all GEFA Loan Programs i. EPD must deem the project environmentally acceptable. ii. Any proposed reservoir project must conform to the standards and procedures outlined in O.C.G.A. 125-472(b). iii. As required by the Georgia Comprehensive State-wide Water Management Plan, all financing for multi- jurisdictional reservoir projects will be contingent upon all parties signing binding water use agreements.
f. Minimum Project Eligibility Requirements Under the Federal State Revolving Fund Programs In addition to meeting the other applicable eligibility requirements outlined in these policies, projects receiving funding through the Clean Water SRF or the Drinking Water SRF must comply with all applicable federal statutes, rules and regulations. These requirements include, but are not limited to: i. Each project must be included in an Intended Use Plan submitted by GEFA to the U.S. Environmental Protection Agency (EPA). ii. Each project must successfully complete the State Environmental Review Process, administered
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by EPD and receive a Notice of No Significant Impact or Categorical Exclusion. iii. Each recipient must certify it's compliant with Title VI of the Civil Rights Act by completing EPA
Form 4700-4. iv. Each project must comply with applicable federal procurement and labor rules, including
Disadvantaged Business Enterprise utilization, Equal Employment Opportunity, the Davis Bacon Act, and requirements that may arise in future federal law or future federal assistance agreements.
6. ELIGIBLE ACTIVITIES
Recipients of GEFA financing may use GEFA funds to pay for the following activities related to an eligible project:
Feasibility analysis Project design Construction, grading, site preparation, dredging, etc. Land acquisition needed for project implementation Stream or wetland mitigation Administrative and/or legal services System purchase
Engineering, Legal and Administrative Costs GEFA funds may be utilized for engineering, design, administrative costs, facilities planning, and land acquisition provided that these costs are necessary for the completion of the project defined by the scope of work and identified in the budget of the approved loan agreement. Such eligible costs incurred prior to the execution of a loan agreement are eligible for reimbursement with a GEFA loan. GEFA funds should not be applied to such costs in greater proportion than GEFA funds are applied to construction costs. GEFA and EPD will monitor project budgets and a test of reasonableness will be applied to these project cost items. This is done to ensure that GEFA funds are utilized in construction to the maximum extent feasible.
Planning-Only Activities Loans for planning-only activities, such as feasibility studies, engineering, design, administration, facilities planning or mitigation, etc., are allowable under the Georgia Reservoir and Water Supply Fund only. Approval and disbursement of planning-only loan funds does not represent endorsement of the proposed project by the state, does not represent pre-approval for any required permit, and does not ensure future funding commitments by the state.
Purchase of Existing Systems An application that proposes to purchase an existing water and/or wastewater system must be accompanied by a certification of the value of the system by a registered professional engineer. GEFA will require other information as needed to document the content and costs of the purchase.
GEFA's loan agreement provides additional information about activities for which a borrower may or may not use GEFA funds.
7. PROGRAM MAXIMUMS
Loans available from GEFA are subject to the following maximums.
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a. Loan Amount
i. Georgia Fund 1. The maximum loan amount is $10,000,000 per borrower per year. 2. The maximum loan amount for environmental emergency loans is $500,000 per project. 3. The maximum loan amount for interim loan financing is $3,000,000 per project.
ii. Georgia Reservoir and Water Supply Fund 1. The maximum loan amount will be determined based on availability of funds. 2. The maximum loan amount for planning-only loans is $3,000,000 per borrower per year.
iii. Clean Water SRF The maximum loan amount is $25,000,000 per borrower per year.
iv. Drinking Water SRF The maximum loan amount is $25,000,000 per borrower per year.
b. Amortization Period
i. Georgia Fund 1. The maximum amortization period is 20 years. 2. The maximum amortization period for environmental emergency loans is 10 years.
ii. Georgia Reservoir and Water Supply Fund 1. The maximum amortization period is 40 years. 2. The maximum amortization period for planning-only loans is 10 years.
iii. Clean Water SRF The maximum amortization period is 20 years.
iv. Drinking Water SRF The maximum amortization period is 20 years.
8. INTEREST RATES
GEFA indexes the interest rates it charges to the true interest cost (to the nearest hundredth of one percent) received by the state on its 20-year, competitively-bid, general obligation bond issue. This is GEFA's benchmark rate. GEFA will charge this rate for all full-term loans, though any of the standing interest rate adjustments described below may apply. A full-term loan means a loan with a term of 20 years or the maximum allowable amortization period, whichever is shorter.
Federal Loans For loans made through the Clean Water SRF or the Drinking Water SRF, GEFA will charge an interest rate that is 100 basis points (1 percent) below GEFA's benchmark rate or 3.00 percent, whichever is lower.
Shorter-term Loans GEFA may charge lower interest rates for loans with terms less than 20 years. These interest rates will be indexed to the true interest cost (to the nearest hundredth of one percent) received by the state on its 20-year, competitively bid, general obligation bond issue for similar length maturities. On shorter-term loans, GEFA shall prorate any applicable interest rate concessions and GEFA shall maintain a minimum allowable interest rate. GEFA shall maintain and publish a list of available interest rates for shorter-term loans.
Interest Rate Concessions GEFA provides the following interest rate concessions for eligible borrowers or eligible projects under the specified funding programs.
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Georgia Fund and Georgia Reservoir and Water Supply Fund
WaterFirst Communities that receive the WaterFirst designation from DCA may receive an interest rate 100 basis points (1 percent) below GEFA's benchmark rate for a full-term loan.
PlanFIRST Community Communities designated as a PlanFIRST Community by DCA may receive an interest rate 50 basis points (1/2 of one percent) below GEFA's benchmark rate for a full- term loan.
Environmental Emergency Environmental Emergency Loans may receive an interest rate 200 basis points (2 percent) below GEFA's benchmark rate for a full-term loan.
Georgia Fund, the Clean Water SRF and the Drinking Water SRF
Water Conservation Loans Communities seeking financing for an eligible water conservation project (identified in the applicable GEFA literature on financing water conservation) may receive an interest rate 100 basis points (1 percent) below the prevailing interest rate for the program through which it is to be funded, as provided for in these policies.
Energy Conservation Loans Communities seeking financing for an eligible energy conservation project (identified in the applicable GEFA literature on financing energy conservation) may receive an interest rate 100 basis points (1 percent) below the prevailing interest rate for the program through which it is to be funded, as provided for in these policies.
Land Conservation Loans Communities seeking financing for an eligible land conservation project (identified in the applicable GEFA literature on financing land conservation) may receive an interest rate 200 basis points (2 percent) below GEFA's benchmark rate, as provided for in these policies.
Interest Rate Concessions Limitations The interest rate concessions described above may not be used in combination on the same portion of a loan. GEFA reserves the right to limit such rate concessions as it deems appropriate under the circumstances at the time such concession is granted. The interest rate concession may be reverted or changed back to the nominal interest rate under certain circumstances, such as a community no longer qualifying for the applicable designation or an event of default by the community has occurred as defined in the loan agreement. Under such circumstances, the interest rate concession will terminate and the community will become liable for the stated, nominal interest rate existing at the time the loan was approved by the GEFA board of directors. Said nominal rate will go into effect from that point forward and will not be implemented on a retroactive basis. Interest rate discounts are approved by the GEFA board of directors at the time of a loan or loan increase approval and are not retroactively applied after approval.
Special Loan Terms The GEFA board may approve loans with different interest rates or specialized terms (e.g., principal forgiveness) that are consistent with specific program objectives and/or relevant federal requirements.
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9. FEES
GEFA will assess certain fees to loan recipients.
Loan Closing Fee GEFA will charge a loan closing fee of 1 percent of the principal loan amount (as designated in the loan agreement) for each loan. For loans under the Environmental Emergency Loan Program and Interim Loan Financing Program, GEFA will charge a loan closing fee of 0.5 percent of the principal loan amount (as designated in the loan agreement) for each loan. This loan closing fee is payable on the dates specified by GEFA with no less than 30 days prior written notice.
Loan Servicing Fees Under specific circumstances, GEFA will charge the following loan servicing fees:
GEFA will assess a non-sufficient funds fee (NSF) in the event the borrower fails to have sufficient funds in its designated ACH account at the time the payment is due. The payment due may be for any type of payment due under the credit documents including closing fees, construction interest, monthly principal and interest payments or any other fee. GEFA will charge the NSF fee to the borrower for each loan for which payment is due and not available.
GEFA will assess a late fee for any payment not received by the 15th of the month in which the payment is due. This will be in addition to any NSF fees assessed in the same month.
GEFA will assess a monthly loan continuation fee in the event the borrower fails to draw funds within six months of loan agreement execution.
For specific details related to these fees, refer to the Loan Servicing Fee Schedule that is available on GEFA's website.
10. LOAN SECURITY
For purposes of securing its loans, GEFA shall require a revenue and full-faith-and-credit pledge of each borrower and any other special loan condition it may deem necessary (e.g., debt service reserve, etc.). For borrowers, such as authorities, that lack taxation authority or lack adequate taxation authority to provide a full-faith-and-credit pledge commensurate with the value of the loan, GEFA will require those borrowers to sign an agreement with a local government that is willing and able to provide a full-faithand-credit pledge to back the loan. In those cases where the borrower is unable to secure such an agreement, GEFA may require additional security by other means.
11. PROCUREMENT
Procurement of construction contracts, construction services, materials, and equipment in GEFA-financed projects must be public, open, and competitive, as defined by both state law and the procurement requirements of GEFA funding contracts. Funded construction must meet the requirements of both state law and GEFA funding contracts.
12. CONSTRUCTION PERIOD INTEREST
Unless otherwise specified in the promissory note, GEFA will accrue interest on any funds disbursed during the construction period of the project at the interest rate approved by the GEFA board. GEFA will bill the borrower for this interest monthly until the loan goes into repayment.
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13. RELEASE OF GEFA FUNDS
Borrowers may request payouts of funds/draws on a monthly basis with only one draw request permitted per calendar month. Requests must be submitted on GEFA drawdown forms. All requests must be accompanied by appropriate support documentation (e.g., invoices).
EPD will monitor construction and endorse GEFA payments in accordance with observed progress. Payments will be conditional on compliance with loan or grant agreement requirements and applicable project approvals issued by EPD. To allow monitoring, the loan or grant recipient must notify EPD prior to commencing construction. Drawdown requests will not be paid until a notice to proceed has been issued. GEFA may, at its option and on request by the borrower, pay out funds for eligible land acquisition (including easements) before the notice to proceed has been issued.
GEFA will pay out its funds in accordance with the project budget in the loan or grant agreement on a reimbursement basis. If the budget reflects additional funding sources and proportional payment of specific budgeted costs, GEFA will pay toward those expenses according to the budget reflected in the approved budget, unless otherwise agreed upon by GEFA, EPD and the borrower.
14. LOAN EXECUTION DEADLINE
If the loan agreement and/or promissory note are not executed within six months (180 days) from the date of the board approval, GEFA reserves the right to terminate its commitment.
15. LOAN RESTRUCTURING
For the purpose of this policy, loan restructuring is the act of changing the terms and/or conditions of an existing loan. The range of restructuring options may include adjusting the interest rate of a loan, changing the amortization period of a loan, or changing the repayment schedule to adjust allocation between interest and principal. GEFA will consider a borrower's request to restructure its existing GEFA loan(s) on a case-by-case basis if the borrower is experiencing financial hardship. In evaluating a restructuring request, GEFA will consider at least the following indicators of financial hardship:
The borrower's debt service coverage ratio history; The type and extent of efforts undertaken by the borrower to improve its financial condition,
including enhancing revenues and/or reducing costs; and Any emergency or exigent circumstances beyond the control of the borrower that impose a
long-term and severe financial hardship.
In reviewing a restructuring request, GEFA will seek to determine that there is a documented history of prudent fiscal and operational management and expense control.
In the event that GEFA grants a concession or alters the term(s) of the loan agreement and/or promissory note, GEFA reserves the right to make such concession for a limited period of time and to revert to the original term(s) of both documents at its sole discretion.
Under no circumstances will the existing principal of a loan be forgiven.
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16. LOAN REFINANCING
For the purpose of this policy, loan refinancing is the act of using loan funds to pay off an existing debt obligation, thereby satisfying all the terms of the existing debt agreement and cancelling the existing obligation. Existing local debt obligations could be GEFA debt or non-GEFA debt, loans or bonds. GEFA will consider a community's request to refinance its existing debt on a case-by-case basis if one of the following conditions is met:
The community has a U.S. Department of Agriculture Rural Development loan that has been called.
The community is requesting a loan from GEFA to finance an eligible, time-sensitive and critical project, but needs to consolidate existing GEFA debt into the new loan in order to afford the new project.
The community is requesting to refinance loans to alleviate financial hardship and can demonstrate that refinancing is the superior approach to loan restructuring. In evaluating a financial hardship refinancing request, GEFA will evaluate the same financial hardship indicators outlined in policy provision 15 (Loan Restructuring).
17. CREDIT ANALYSIS
GEFA will assess the credit worthiness of each borrower. GEFA considers the revenue generated by the enterprise fund that services the water supply facility and/or system to be the primary source of repayment. GEFA will also consider revenues from other sources, such as "take-or-pay" contracts, rental obligations and/or third party guarantees to make loan payments. GEFA reserves the right to assess the credit worthiness of the counterparty of any of these arrangements (i.e., contract counterparty, lessee, or guarantor). Additionally, GEFA will consider transfers (subsidies) from other funds of the applicant, though it is the demonstrated revenues of the system that constitute the main source of repayment of the GEFA loan. GEFA will base its financial capacity analyses on the strength of the fixed coverage ratio of the fund responsible for repayment. Unless otherwise specified, the minimum requirement for satisfaction of the financial capacity threshold is a pro forma coverage ratio of at least 105 percent in the first full year of loan repayment and until full repayment of the loan. Additional consideration is given to the applicant's historical financial performance, operating efficiency, capital structure, and loan credit history.
If revenues are projected to be insufficient to adequately cover the operating expenses plus debt service into the future, GEFA may condition the award of the loan upon meeting certain conditions such as rate increases, creation of a debt service reserve account, and transfers into or curtailment of transfers out of the fund. In the event a local government does not meet pro forma debt service coverage of 105 percent, the loan may still be approved by the board under certain conditions.
In some instances, there may not be an enterprise fund for GEFA to analyze; in those cases, at its discretion, GEFA will consider all relevant financial capabilities of the applicant in determining its ability to repay the note and may need to alter standard loan terms or require special conditions for receiving the loan.
The revenue coverage analysis will cover both historical financial performance and future financial performance that estimates changes in revenues and expenses. Historical financial performance is derived from audit reports of the applicant. Projected cash flows are based on information in the applicant's loan application, engineering reports, historical trends, population growth projections,
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discussions with community representative, and new ordinances. If an audit report(s) is qualified, contains adverse opinions, or significant findings by the applicant's auditor, GEFA may request further documentation. GEFA will evaluate such audits and related documentation in determining an applicant's eligibility for a loan. GEFA may deny an applicant with an audit report containing significant audit findings.
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