... intended use plan, Clean Water State Revolving Fund Program

201 5
INTENDED USE PLAN CLEAN WATER STATE
REVOLVING FUND
Prepared by the
Georgia Environmental Fnance Authority
February 24,2015

Contents

INTENDED USE PLAN - 2015
GEORGIA ENVIRONMENTAL FINANCE AUTHORITY CLEAN WATER STATE REVOLVING FUND Table of Contents
PART I. SECTION 606 REQUIREMENTS

INTRODUCTION.. CWSRF PROJECT SOLICITATION PROCESS........ CWSRF PROJECT LIST .......... CWSRF ESTIMATED DISBURSEMENT SCHEDULE TERMS AND CONDITIONS OF FINANCING ..... FOUR PERCENT ADMINISTRATION.......... CRITERIA AND METHOD FOR DISTRIBUTING FUNDS WRRDA IMPLEMENTATION CWSRF GOALS AND OBJECTIVES STATE MATCH REQUIREMENT ................... ASSURANCES AND SPECIFIC PROPOSALS PUBLIC PARTICIPATION..........
PART II . ATTACHMENTS

ATTACHMENT 1 - 2015 Proect List (Clean Water Projects) ATTACHMENT 2 - 2015 Estimated Disbursement Schedule ATTACHMENT 3 - 2015 ASAP CWSRF Payment Schedule
ATTACHMENT 4 - Projected Sources and Uses
ATTACHMENT 5 - CWSRF 4 Percent Administrative Funds ATTACHMENT 6 - Ranking Criteria for CWSRF Projects (Clean Water Projects)
ATTACHMENT 7 - Public Participation Summary....
ATTACHMENT 8 - CWSRF Program Policies......

Page #
J J J 4 5 6 6 7 8 9 9
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2

CLEAN WATER STATE REVOLVING FUND INTENDED USE PLAN 2015
INTRODUCTION
Section 606(c) of the Water Quality Act of 1987 requires each state to annually prepare an lntended Use Plan (lUP) 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 $23,740,000, which represents Georgia's potential Fiscal Year (FY) 2015 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 professionalservices to administerthe CWSRF Program. These services include, but are not limited to: project reviews and approvals; planning; project development;
information tracking; updating files; issuing Notices of No Significant lmpacts (N0NSl) and Categorical Exclusions (CE); assistance with the National lnformation Management System (NIMS) and completion of
the Clean Water Benefits Reporting (CBR) database.
CWSRF PROJECT SOLICITATION PROCESS
The procedure for developing the CWSRF Project List involves creating an online pre-application process which requests that all potential projects requesting funding provide project-related information. GEFA initiated the project solicitation process on December 1,2014. GEFA allowed prospective applicants until January 30,2015, 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 availabb 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 preapplication 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 57 Clean Water projects with a total need of $197,770,358. The CWSRF Project List includes all the submitted projects in descending order based upon project score, All projects on the Project
List are labeled as belonging to one of the following categories: (A) Wastewater Treatment; (B) Sewer
Construction; (C) Sewer Rehabilitation; (D) Stormwater Projects; and (E) Energy proects.
CWSRF PROJECT LIST
The Clean Water Project List (Attachment 1) was created from all clean water projects submitted
3

CLEAN WATER STATE REVOLVING FUND INTENDED USE PLAN 20'15
INTRODUCTION
Section 606(c) of the Water Qualty Act of 1987 requires each state to annually prepare an lntended Use Plan (lUP) 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 $23,740,000, which represents Georgia's potential Fiscal Year (FY) 2015 allotment.
The Georgia Environmental Finance Authority (GEFA) was created by the Georgia General Assembly in 1986 as the successoragencyto the Georgia DevelopmentAuthority 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 ceftain professionalservices to administerthe CWSRF Program, These services include, but are not limited to: project reviews and approvals; planning; project development;
information tracking; updating files; issuing Notices of No Significant lmpacts (NONSI) and Categorical Exclusions (CE); assistance with the National lnformation Management System (NIMS) and completion of
the Clean Water Benefits Reporting (CBR)database.
CWSRF PROJECT SOLICITATION PROCESS
The procedure for developing the CWSRF Project List involves creating an online pre-application process which requests that all potential projects requesting funding provide project-related information. GEFA initiated the project solicitation process on December 1,2014. GEFA allowed prospective applicants until January 30, 2015, 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 availabb on the GEFA website. GEFA used the preapplication 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 54 Clean Water projects with a total need of $162,743,308. The CWSRF Project List includes all the submitted projects in descending order based upon project score, All projects on the Project
List are labeled as belonging to one of the following categories: (A) Wastewater Treatment; (B) Sewer
Construction; (C) Sewer Rehabilitation; (D) Stormwater Projects; and (E) Energy projects.
CWSRF PROJECT LIST
The Clean Water Project List (Attachment 1) was created from all clean water projects submitted
3

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.9., 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 proect becomes viable within the funding year, Georgia may amend its Project List 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 List. 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 cost, 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.
CWSRF ESTIMATED DISBURSEMENT SCHEDULE
An estimated disbursement schedule for those highest-scored projects listed on the Clean Water
Project List is included in Attachment 2, GEFA created this disbursement schedule based on the eight
quarters identified in the CWSRF payment schedule located in Attachment 3, 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 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 identified principal forgiveness as outlined in the applicable appropriations language. Assistance will be
provided to municipalities, water/sewer authorities, and any other entity created by the Georgia state
legislature and non-governmental 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 control projects, the installation of solar arrays at wastewater treatment facilities, 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 cosleffective 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 ControlAct (33 U.S,C, 1372) with respect to Davis-Bacon requirements and American lron and Steel (AlS) requirements, when applicable.
Based on the language contained in the WRRDA guidance and the Q & A document released by EPA, GEFA does not consider solar projects located at wastewater treatment facilities to meet the criteria for being defined as a "treatment works". Therefore, these projects will be exempt from the application of Davis-Bacon and AIS requirements,
4

TERMS AND CONDITIONS OF FINANCING

Standard CI,YSRF Financing Terms GEFA's benchmark interest rate is the True lnterest Cost (to the nearest hundredth of one percent)
received by the state on its competitively-bid, general obligation bond issue or 3.00 percent,
whichever is lower, GEFA currently offers CWSRF loans to local governments and authorities for a term of twenty years at an interest rate of 100 basis points (1 percent) below the benchmark rate.

CWSRF loans are available with terms as shorl as five years and as long as the lesser of 30 years or the useful life of the project. lnterest rates are reduced from the twenty year CWSRF rate for shorter term loans and increased from the CWSRF rate for extended term loans, Additionally, 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.

GEFA charges a one-time 1 percent closing fee. The closing fee is 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 4.

C!SRF Water Conseruation 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 percent). The following types of CWSRF projects are eligible for a 1 percent interest rate reduction:
. lnstalling or retrofitting water efficient devices, such as plumbing fixtures and appliances; . lmplementing incentive programs to conserve water such as rebates for water efficient
fixtures;
. lnstalling water meters in previously unmetered areas; . Replacing broken/malfunctioning water meters or upgrading existing water meters with o Automatic Meter Reading systems (AMR); and,
Water recycling and reuse proects that replace potable sources with non-potable sources.

Cl,ySRF Energy Conseruation 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:

o lnstalling energy production projects at a publically-owned treatment facility via wind, solar,

. . .

geothermal or biogas combined heat and power projects; lnflow/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,

5

o Projects that install energy efficient treatment equipment or processes
o CYSRF 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 current statutory language authorizes states to provide up 30 percent of the funds made
available to each state for CWSRF capitalization grants as additional subsidy to eligible recipients based upon the current CWSRF appropriation. The CWSRF Program will offer principalforgiveness to the highest scored projects that qualify for principal forgiveness until the principal forgiveness is exhausted. Principal forgiveness will be provrded as twenty percent of the total project not to exceed $500,000 per project, lf a community has multiple projects on the Project List, only one project can be provided with principal forgiveness,
GEFA will only provide principal forgiveness funding to 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 othenise 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
FY 2015 allotment of $23,740,000, $949,600 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 5.
CRITERIA AND METHOD FOR DISTRIBUTING FUNDS
Attachment 6 explains Georgia's criteria and method used to score and distribute funds for clean water 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 List 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. 58-2-3, 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. lneligible costs include maintenance and operation expenditures,
6

WRRDA IMPLEMENTATION
With the President's signature of the Water Resources Reform and Development Act (WRRDA) on June 10, 2014, severalchanges were made to the CWSRF program. Outlined below are the changes to the CWSRF enacted through WRRDA and GEFA's strategies and procedures for implementing them.
Fiscal Sustainability Plans
According to the January 6,2015 EPA guidance, Federal Water Pollution Control Act
(FWPCA) Section 603(d)(1XE) requires a recipient of a loan for a project that involves the repair, replacement, or expansion of a publically owned treatment works to develop and implement a Fiscal Sustainability Plan (FSP) or certify that it has developed and implemented an FSP. This provision applies to all loans for which the loan recipient submitted an application on or after October 1,2014.
GEFA will develop a certification form for signature by all CWSRF loan recipients that
certifies that the recipient has developed and implemented and will continuously utilize an FSP. As of February 20,2015, there are two projects with applications received after October 1, 2014 which have been approved by the GEFA board of directors, For these two projects and all other CWSRF projects going fonrrrard, GEFA will require this certification from each recipient prior to loan closing
which includes development and implementation of an FSP in accordance with FPWCA
(603)(dX1)(E)(i) as a condition of the loan agreement.
GEFA reserves the right to review the FSP certified by the loan recipient at any time to
ensure compliance with FWPCA 603(dX1XE)(i), Elements of GEFA's review can include but are not limited to: ensuring that the loan recipient developed an FSP, ensuring that the developed FSP contained the appropriate level of depth and complexity, ensuring that the FSP is implemented, and ensuring that the FSP appropriately integrates required water and energy conservation efforts as part of the plan.
Architectural and Engineering (NE) Services Procurement For any capitalization grant awarded after October 1,2014, the State must ensure that all
A/E contracts for projects identified as using funds "directly made available by" a capitalization grant (i,e, equivalency projects) comply with the elements of the procurement processes for A/E services as identified in 40 U.S.C. 1101 et seq,, or an equivalent State requirement.
For the 2015 Capitalization Grant, the project designated as the equivalency project will be CWSRF 14-009 to the city of Savannah. The loan amount for this project is $28,470,000, in excess of the $23,740,000 amount of the 2015 Capitalization Grant. The procurement for this project satisfied all elements identified and required in 40 U,S.C. 1101 et seq.
Affordabilig Criteria
GEFA has historically awarded principal forgiveness only to projects in counties designated as eligible counties by the Georgia Deparlment of Community Affairs (DCA) OneGeorgia Authority. The criteria for OneGeorgia Authority eligibility include counties having a population of less than
50,000 and a poverty rate in excess of 10 percent. GEFA has modified its principal forgiveness eligibility criteria to make these funds available to any borrower with a median household income
7

(MHl) below 80 percent of the state average MHl, regardless of OneGeorgia Authority eligibility
status.
GEFA has read and understands and will implement the requirements of Section 603(i) of the FWPCA, This section requires states to establish, no later than September 30, 2015, affordability criteria to assist in identifying municipalities that would experience a significant hardship raising the revenue necessary to finance an eligible project or activity without additional subsidization provided. GEFA will develop affordability criteria as required and provide notice and an opportunity for public comment prior to September 30, 2015,
Extended Term Financing Section 603(dX1XA) authorizes CWSRF loans to be made for a term not exceeding the
lesser of 30 years or the useful life of the project. The GEFA board of directors voted on January 26, 2015 to modify the GEFA Program Policies to allow special terms for CWSRF loans in accordance with this update to the FWPCA, Borrowers must demonstrate that the useful life of the project is not less than the extended term of the CWSRF loan. The GEFA Program Policies adopted in January 2015 allowing extended terms are included in this document as Attachment 8.
Expa n ded P roject Eli gibilities GEFA will offer financing to publically and privately-owned, permitted and unpermitted
projects that manage, reduce, treat, or recapture surface or sub-surface drainage water as codified in FWPCA Section 603(c)(5). This expanded project eligibility will give GEFA the flexibility to work with municipalities as they explore innovative mechanisms for financing stormwater pollution control projects and will ultimately increase the number of loans made for stormwater projects.
GEFA will work with both public and private entities to promote the development and
implementation of watershed projects meeting the criteria setforth in FWPCA Section 122as allowed in Section 603(cX7), including: watershed management of wet weather discharges, stormwater best management practices, watershed partnerships, integrated water resource planning, municipalitywide stormwater management planning and resiliency projects.
CWSRF GOALS AND OBJECTIVES
1. The CWSRF Program will work toward increasing its pace in comparison to the national
average. According to the FY 2014 NIMS database, Georgia's CWSRF Program had a77 percent rate for the pace indicator of "SRF Disbursements as a Percent of Funds Available."
2. GEFA will fully implement the provisions included in WRRDA and communicate these
updates to current and/or prospective loan recipients.
3, The CWSRF program will continue to use the GEFA Conservation lnitiative with its interest
rate reductions 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 described in FWPCA Section 603(c)(8),
I

4. The CWSRF program will continue to use the GEFA Conservation lnitiative with its interest
rate reductions to promote activities that implement water conservation projects and
programs. Sustaining and promoting a culture of water conservation in Georgia and helping municipalities maximize existing water supplies is a key priority for GEFA.
5. The CWSRF program will continue to promote the development of green infrastructure. Even
absent a regulatory driver, GEFA will help communities define the benefits of these types of projects including water quality and recreation so that public support is generated and the work is ultimately performed. GEFA staff will stay up to date on changing regulatory drivers
and other trends and position itself to finance a large number of these projects and
stormwater projects for municipalities when the need for financing arises,
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 FY 2015 allotment of $23,740,000, the amount of state match required amounts to $4,748,000. General obligation bonds of
$4,748,000 will be provided to GEFA by the state of Georgia as a match for the 2015 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
ln addition to the assurances that accompany the capitalization grant application (Standard Form 424)for 2015 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 lssues
L 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
I

15. Types of Assistance 16, Limitations of Double Benefits 17. Consistency with Planning Requirements 18. Priority List 19. AnnualAudit 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 willcontinue to coordinate with the EPA Region 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 2015
Capitalization Grant Agreement, A public notice was placed in the Fulfon County Daily Report on Thursday January 28,2015,announcing a public meeting on the CWSRF IUP on Tuesday February 24,2015, at 10:00 a.m. in GEFA's boardroom. A summary of this public meeting can be found within Attachment 7,
10

Communitu Vrghtsville
:ochrn
:orneli C rovetown Madison County IDBA Harlem Braselton Mdisn Chatsworth Water Works Commssion Elbeon clatron Mllen Brselton Dillerd sandersvlle

ATIACHMENT I
CLEAN WATER STATE REVOLVING FUND 20I5 PROJECT LIST

S.or.
91

20% Prncipal Totl Prod Cost

s

s 5,3oo,ooo

5oo,ooo

Prncipal Fortveness
Elribl

CTAN WATER STATE REVOTVING FUND 2015 PROJECT LISI
Proid Ds.rrin The proect will vdeo, clean and repar / replace several thousand lnear feet of sanitry sewergrvty min thru linng, cut and cover constructon and pipe burling The Cty suffers from immense nflow and nfltration problems which causes flow voltions at the treatment plant Also, 5 pump stations will be upgraded with new pumps and eledrcal to

Wadewater Treatment

Cochran has experenced vere nflow and infltration problems in ts sntaay wer

collectonsystem TheCityisproposngafindandfisewerrehabilitationpro.ed Workwill

begin wth the sewer trunk lines known to be most impacted by the l/l problehs and then

77

S 4,455

S 2,5oo,ooo

soo,ooo

address other major collectons lines The plnt dscharges into Jordan Creek, a 303(d) listed Yes
impeired strem, nd the cty's sewer system s located n the lordan Creek wtershed

Jordan Creek's weter quality wll be improved gretly by the reducton of l/l and sewaBe

overflows lhe Cty's power usage wll be greatly reduced because ofthe redudion n the

mount of wafewter that hs to be umoed and treated fhe propod projed will replace 3,700 lnearfeet of 1o-inch and 12-inch clay sewer mans

70

5 3,674

5 97s,000

19s,000

nnalled n the erly 1900's that contribute hevly to inflow nd nfiltraton n the Yes
teweragesyfem fhisctonofsewermainmulbereplcedtopreventtheoccurrence

)f sntary wer overflows n the Mud Creek watershed

fhs project ncludes construction of a new 3 0 MGD water polluton control plant to

66

5 6,089

24,9oo,ooo

rcplace the existng deficient land application system, nd sewerBe system improvements

No

ncludinB inlalltion of pump dtions and force mans to redirect multple basns to the

new pent

X

S 25,730

S 21o,ooo

42,ooo

fhis project conssts ofthe nstallaton of an 85kW solar energy generaton system for the

Yes

:ewertreatment plant located at 8576 HwV 29 in Hull The energy generated by the

fhis projed consids of modifications to the water pollution control plant upgradnt the

58

1,814 S

S 8,176,000

soo,ooo

:apacty from 0 25 MG D to 0 5 MG D a nd *werage system improvements includ ing
Yes
rehabltaton of exilng lines, upgrade of exiing pump statons, and insallation of new

ns t eYbd th +wr sru. .

x

58

7,stt 5

950,000

[he town of Bralton proposes to build a hgh effciency lb and control bulding at the

No

water reclamaton fcilityto replce the exining ged and out-of-dte buildng with a LEED

x

Ihs projed conssts of iniallation of stormwater nfrstrudure, acquisition of lnd for a

ilormwater faclty to capture dEinage from downtown Madison, construdion of

56

5 3,636

s 1,680,000

336,000

Yes

approximately five wet ponds and other 8MP's, and cretion of park space for the

community and visitors The stormwater menity wll be located West of downtown

Mdi.h f th hdwtr< f Ml B.n.h

55

s 4,299

s 5,000,000

5oo,ooo

This project consiss ofthe confrcton ofa new water polluton control plant end rehabilitton ofsewge pump statons Ths project wll serye new and expending

industres in the citv ofChtsworth and Muaaav Countv

x

This project consists of renovations to the Fortson Creek and Falng creek sewage

53

5 4,743

5 1,4oo,ooo

28o,ooo

Treatment Plants n orderto maintan permt complience The work includes nlllaton

Yes

ofaeration controls, installation ofclarfcation equpment and conlruction ofa new

dieeler

50

S 2,276

9oo,ooo 5 180,000

This project consists ofthe nstallaton of a lr energy geneEton system for the claxton wstewater utility Energy generated will be used to offsetenergy costsforthe utlty

50

s 3,492

1,030,000 S 206,000

50

7,511 S

2,600,000

50

198 S

s 1,2oo,ooo

240,000

This project consiss ofthe nlallation of a 400kW solar energy genertion facilty et the

Yes

city of Mllen's waiewater plant Energ] generated by the installetion will be used to offset

ld..frv .+s t the utilhv

The town of Braselton proposes to replace 7,800 lnear feet of exsting and aged outfall

No

<cs/a 6n,iofh h^hidr ..ti^n

crui. r

^fth

This project consists ofthe rehabilitation or replacement of approxmately 4,300 liner feet

of sewer lne that is experencng inflow and infltraton and the construction of
Yes
approxmately 8,400 linear feet of sanitary sewer man in the 8e1ly Creek watershed

50

6,r44 s

5 1,200,000

24o,ooo

Ths project will nstall a 15-nch nterceptorsewerto eiminatetwo overloaded pump

Yes

stations in the cty's collection system, the Mfrin Luther KnC pump sttion and the Caruer

trf ilm +t

Sewer Couction

Sewer Rehablitaton

Stormwater Proects

Land

Energy Pecti

Conseruation

X

X
x x
x x

x x

x

X

x

X

x

x

2015 Project Lin (Clean Water Projeds)

11

G riffin

Commuiw

Alm Hanwell Sociel Circle
lefferson Warm Springs Stathm Hd County WSA woodbine

Patterson

ffton

Fitzeerald
5t Mrys's

Folkston

S.or 50 4A 46 45 40 40 40 39 38 38 38 38 38 3a

20% Prncpal Total Pro.d Cost

5 23,457

s 1,s00,000

300,000

Prncipal Forgveness
Elicible

Proiect Descrotion fhe City of Griffin's wastewter collection sydem hs been in place since the lte 1920's There are approximately 232 miles ofsewer mans and outfall lines Many ofthese lines have out lved their ufu1 lfe ofetpedancy lnfltrtion and lnflow wll be addressed by the replacement rehabiltation or renewal ofthese lines

Walewatet Taeatment

s 3,236

S 1,500,000

3oo,ooo

this project consists ofthe constructon of a 500 kW solar rray to provide power for the

:ity'swstewtertreatmentplant Thsnsllationwillproduceupto8T6,000kwhper

Yes

/earandcouldoffsetS0%ormoreofthecty'sannulpowercosts Thisamountstoan

nnuel svngs of 570,000 to S90,000 annually bad on current energy rtes

s 4,788

980,000 5 196,000

fhe proposed project wll replace the WWTP's obelete trevelng brdge snd filters with lextlefabricdskfilters Thiswilllowertheriskoffuturepermtvioletions

x

fhis projed involves construction of new 1 4 MGD WWTP on cty-owned property

5 4,262

lo,ooo,ooo

ldjacenttotheexilngwstewatertreatmentplant TheCitywillutilizetheexistngplant

No

s flow equalzaton basin, utilizing the exling floatng aerators, and abandonng and

removing the fxed lationary ertors

3,425 5

800,000

X

Ihe Cty proposes to replece pproximetely 4,500 linear feet of exidng undersized, 60 year

o

old 8-inch outfeil sewer in the east side ofthe community The lne experiences infiltraton

and inflow, frequent blockages and other falures typcal to older cly sewer lnes

485 5

s 1,360,000

2t2,00o

The project will address nflow and nfltrtion ssues n the cty's sewage colledon system throu8h the rehabltton or replacement of pproxmately 16,200 liner feet of sewer lne Yes and the rehabilitation or replacement of approximtely 60 manholes

5 2,O4O

1,900,000

The cty ofStathm propossto replce or rehabilitate sewer lnes n the city's North and

No

South basns that are experencing high levels of inflow and nfltrtion

5 22,997

s 1,36s,ooo

273,000

1,274 5

S 900,000

18o,ooo

s 627

S 3s4,000

7o,Eoo

The Hart County Water nd Sewer Authority proposes to upgde the pump staton nd

Fr.mn <ruin th Grwv ln.lurril Prk

The city of Woodbine would like to buld up to a 300kW soler erray to provide power for

thecty'snewwastewetertreetmentplnt Thisindallatonwllproduceupto525,600

Yes

kwh per yer nd could offet 50% or more ofthe city's future nnual power costs The

projected annual cost savings re between 550,000 and 560,000 bsed on current energy

ltes

The cty of Pafterson would like to bld up to a 120kW solar array to provide power for the

cty'swastewatertretmentplant fhisiniallatonwillproduceupto2l0,240kWhper

Yes

year end could offset 50% or more ofthe city's annual power costs lhe cty's projeded

annual cost sevints are between S15,000 and S20,000 bad on current energy rates

5 15,060

s 2,8s0,000

s00,000

5 8,754

s 1,s00,000

300,000

t3,767 5

2,8s0,000

S 2,778

l,soo,ooo 5 300,000

The city of Tfton would lke to build up to a 1 MW slar arry to provde power for the

city's wastewater treatment plnt This installation wll produce up to 1,750,000 kwh per

Yes

year and could offset 50% or more ofthe city's nnual power costs The projected nnul

cost svngs forthe city are between S150,000 nd S175,000 bsed on current energy rates

fhe cty of Ftzgerald would lke to build up to S00kW solar array to provde power for the

:ity's wastewatertreatment pint and land applction system Ths nlallation will

Yes

produce up to 876,000 kwh per year and could offset 50% or more ofthe cty's annuel

powercosts TheprojectednnualcofsavngsforthecityarebetweenST0,000and

E90 000 besed on current enerd rtes

Ihecityofst MaryswouldlketobulduptolMwsolrarraytoprovdepowerforthe

cty'swestewtertreatmentplant Thsinstalletionwillproduceuptol,T52,000kWhper

No

yearandcouldoffset50%ormoreofthecty'sannualpowerco*s

Theprojectedannual

cos savings re between 5150,000 and 5175,000 bsed on current energy rates

The city of Folk*on would lke to buld up to 500kw solar rray to provde power for the

city's walewatertreatment plnt and land epplication sylem This installation will

Yes

produce up to 876,000 kWh per year end could offset 50% or more ofthe cty's ennual

powercosts lheprojectedennulcodsavngsforthectyaaebetweenS70,000nd

S9O,OOO bsed on current enerry Etes

Sewea Constructon

Sewer Rehabltaton

Stoamwater P.oects

x
X X

Land

Energy Proects

Conruaton

x

x x x
x

2015 Project Lst (Clean Water Projeds)

12

McRae-Helen Qutmen Trion Hiwessee
Grffin Baldwn

CLEAN WATER STATE REVOTVING FUND

2015 PROIECT LIST

Prncipal

Waslewatel

Sewer

Sewel

Stormwater

Land

Energy Proects

20% Prncipal Forveness

Ttl Prd Cd

Flirihl

r.t D..rr

Treatment

Constructon Rehabilitaton

Proiects

Conseruaton

The cty of McRae-Helena wold lke to buld up to 300kW solr array to provde power

for the cty's wadewater tretment pl nt Ths nna llaton wll produce up to 525,600 kwh

38

s 4,989

s 900,000

180,000

Yes

per yea r a nd could ofit up to 50% of the cty's nnu I power cols The projeded annu I

cost svings are between 550,000 and 560,000 bsed on the city's current energy rates x

38

s 4,638

S 90o,oo0

18o,ooo

The city of Quitman would lke to buld up to 300kW elar arEy to provde power for the

city'swstewatertreatment plant This installation will prodce upto 525,600 kWh per

Yes

year and could offset up to 50% ofthe cty's annual power costs The projected annual cost

evings for the cty are between 550,000 560,000 based on current energy rates

X

35

s r,247

1,000,000

This project consists ofthe rehbilttion or replacement of wstewter pumpng latons,

No

forcemans, and grvity sewersthat re experencing nflow end nfiltretion.

x

35

s

2,500,000

This project wil construct improvements t the exisinB frion water pollution control plnt to improve treatment effciency and rehabilitte falng iructurl and mechanical plent

30

808 s

700,000

2a

5 23,45I

17,s00,000

27

S 23,457

18,ooo,ooo

7S

3 988 s

2 400 000

25

6,424 5

2,000,000

25

s 2,374

610,000

23

579 s

700,000

22

5 23,457

890,000

20

9,323 S

4,s17,685

20

S 3,825

1,73o,ooo

20

S

1,8oo,ooo

TheCtyproposestomakeimprovementstoitswastewatertreatmentfeclity TheCity

proposes to replace an out-dated UV dsinfectant System, end install a mechencel bar screenendeertorforredundancy TheCityalsoproposestoeddsefetygretingforccess

for ncreased safefo forthe ooertors

X

PotatoCreekWWTPEPD#28-014 ProjectnvolvestheexpansonndupgradetoPotato

CreekWWTP fheexisingplanthasacpcityof2omgdanddschrgestoPotatoCreek Current influent is approximately 1 5mgd Proected indulril groh s expected to result n an ncrea of infl uent fl ows up to 3 54mgd by 2025 The expenson wl consii of Yes 1 omgd adveted sludge process The waste load allocation hes been provded by GAEPD The plent has been engneered end designed to meet these allocetions The plans re

submfred end approved from GAEPD x

Shoal CreekWPCP EPD 326-229 Prcje inuolves expansion of Shoal CreekWWTP lhe

exfing fcility consists of an anaeaobic system which has capcty of 2 25mgd wth an

effuent to Elanton Mll Land Application Ste C.rent nfluent flows re epproxmetely
l3mgd Theexpnsonoftheplentwilltret35mgd Theexpansionconslsof125mgd advanced biological treetment, actvted mechanical tretment, dsinfedon, pol aeraton and effluent screening dsposal to Shol Creek GAEPD hs completed the wale lod

allocation

X

Yes

Wter tretment olant uoerades

X

l-he project wll nclude constructing flow equalizaton basn at the city's wstewter

lreatment plant to improve ther operatonal ability to treat peak flows caused by
Yes
nflow/infihrton Theflowequalzationbasnwillincludetnkage,pumps,ppng,mxing

rnd rrin nd srenins

X

nstell sewage pump staton nd approximtely 12,000 LF ofsewerto serue unseed area

Yes

ld llS 1 dh faifv

X

nstallPhalofnewsewersystem Entirectywllbeseweredntwophas,thefrst

Yes
orovides sewer seruce to eooroxmetelv 45 customers

x

fhe Citv of Grffin hsdelineted ll of theirwatersheds into sub watersheds Strudu1, Non-Structurel end UD BMP's have been identified and calculated for efficencv removal of pollutants. As a condtion ofour NPDES MS4 Pe.mit GAG610000 Griffin has implemented a

Yes

constructon schedule for mplementtion s designated n its watershed mplementaton

plans nd ts SWMP Ths projed is locted n the Cabin Creek Basin nd wll add re$ 3

BMP's ncludng strem benk restortion x

This proiect consils ofthe construdion of one 230 gpm sewerage lift daton, one 580 Bpm

Yes

sewerage lft ltion, 10,000 Lt of6" sewerage force man, end 4,800 LF of8" seweraBe

grevtv flow min

fhe city proposes to replace the west side walewater pumpng faclty tht seryes most of the welern sector ofthe City ofJefferson The exsting cility s underszed, as s the exilngforcemain Moreoverthe locaton of the forcemin route s propoed for

relocation into another outfall line that is more capable of hndlng the exding and nticioeted flows

x

x

Ths project wll upgrade and replace approximately 3 5 miles ofaged and underszed

Yes

"rfll nd inrr.fr w.< .tdir mnhles

X

2015 Project Lst (Clean Wter Prc.ieds)

13

Cunb
Weleske Demorel Rabun lones
[ousvlle
The Con*ruation Fund Th Ntu.e aon<eilncv Th N,trrr an<dh.v

Score
19
19 15 15
15 7 6 0 0
0
0 0 0

Poo.

20% Prncpal Total P.oied C Foniveness

S 7,O49

9oo,ooo

Princpal Foryivenets
Elieble
No

CTEAN WATER STATE REVOI-VING FUND 2015 PROJCT LISf
Proed OescriDton Over the years, falng septic tanks have been e growng problem in Bogaat so they are workinB cooperatvely with Oconee Countyto brng sanitry sewerto downtown 8ogart. Thisproposedprojectwillinvolvethendalletionofapproximtely6,550LF ofg.avity sewer lnes, one submersble lft staton and pproxmately 100 LF of4" PVC forcemain Raw walewater will be pumped to Oconee County for tretment and disposal

WasteMtet lreilment

616 5 S 7,465 s 15,050

1,2so,ooo 2,2oo,ooo 4,000,000

5 23,639

1,1s0,000

city s construding sewerage system to provde seruce in the commercal are of

No

downtown, elimnatng septic tank5 that erve exsting busnesses lhe Cty's collection

svrm will be cnndd to Reinhrdt Unversitv'streatment svfem

con*ruct licklog nd Hazel Creek sewer interceptor lnes to provide sewerage edice to fh Hishwv 165 .rrid. hd hndn fh Swpr<s pumo Sttin

The Authorty proposes to extend its santery sewer sylem to serye the south 5R lg1 area

Yes

of Rabun county, that is currently not served The project ncludes 5 lft stations, approx

25 OOO I F ffr.n nd brt 4 tOO I F ofErvilv wr

fheprojedconslsofcondructng8"gEvitywernthesunVlleyneighborhood Some

rf The residents are experencng drain feld feilures nd septic tnk issues This project s
Yes the frst phese and wil serue approxmately 40 homes

s 7,544 s 3.988 7,stt S
5 2,772

3,a99,623 1,000,000 1,5oo,ooo
1,816,000

s 2,425

1,s00,000

Expand the exiling waste water land applcaton sylem from 0 30 to 0 60 MGD to add

Yes

:eoectv in for oermit comolance

x

Yes

rrfmnf nlnt'rhoris

X

the Town of Brselton proposes to extend its reuse weter dlributon system by nstallng

No

approxmatelv 25,000 linear feet of 8" to 2" reuse dilrbuton min n the northwest

section ofTown

lnfall headworks, UV disnfection, and filters to recommssion industrial wastewter

trtmnt olnt fr munciDal use

x

Ihe cty of 8ldwin would lke to buld up to 500kw slar array to provde power for the

city's wstewatertretment plant This installaton wll produce up to 876,000 kWh per

Yes

year and could offset 60-70% ofthe city's annual power costs fhis s an nnual savings of

570,000 to S90,000 per yer based on the cty's current energy rates

s 30,077

2s,000,000

S 81,508

8,102,050

t4,007 s s

1,92s,000
s 197.770.358 6,770.800

Acquilion ofthe Sansville tract providinB rparan buffer along the Altamha Rver n Yes
Acqustion ofthe Altam tract provdng riparan buffer along the Altamaha River in Glynn No
Acquiston ofthe Bradley-cortract provdng riparan bufferalongtheAltamha River in
Yes Mclntosh Countv

Sewer Constructon

Sewer Rehabilitaton

x X X X
X

Stormwater Proiects

Land Consedaton

Eneryy Proects

I X X

2015 Project l-st (clean Wter Projeds)

74

ATTACHMENT 2 CLEAN WATER STATE REVOLVING FUND ESTIMATED DISBURSEMENT SCHEDULE

LOAN

PROJECT Wriahtsvlle cochran Cornele Grovetown
Harlem Eresellon Madison Chatsworth Water Works C, Flhdon Claxton Mllen Brseltn Dllard Sandersville Griffin Alma Hartwell social crcle I efferson Wrm Sorinss Statham Hart CounW WSA Wodbne Patterson Tifton FtzEerald St Mervs Folkston McRe Qutman

AMOUNT 5 300 000 2,500,000 975.000
24 900 000
210 000 8,176,000
950,000 1 680 000
5.000.000 1 400 000
900,000 1.030,000 2 600.000 1 200 000
1..200.000 1 500 000 1,500,000
980,OOO 10 000 000
800,000 1 360 000 1,900,000
1.365,000 900.000 354 000
2,850,000
1.500.000 2 850.000 1,500,000
900.000 900 000
s E9.1E0.000

BINDING
COMM
DAfE slL3l20r5 7 11 12075
L14l2076 t2/75/2075
3/712076 'tol1l)o1s
8lLl20r5 al31l20t5 L/7t20!6 6/7512075
31712076
31U2076
8lt/20ts a/il201s
5t1,5/201,s
8l!2076
611212075
31U2076 ah/2015 81L/20rs al7l20t5 91712075 1)/1 12075 5l15/2075 6/12120t5 6/rs/2o1s
617s12075
6lt9l20L5
617912075
6lt9l20ts 6/79/2o1s

CONSTR
SIART
DATE
6lL/20L5 a1il2075
u7412076
6lt/20t6 4/tl20L6
3111201.6
91712015 913012075
) l1 l)076 6/L5/2015 4ll/20t6
411 l)O16
LO/712075
9lt/2015 6/1512075 9lu20t6
7011612015 411 l)lJ16
a/77/20L5 91712075
917/201,5
70ll/)ol5
7/112016 7 t77 t20r5 917t12075 917712075 9/7Al20tS 9/L8/20t5 9/25/2075 to19l207s 70/9/2OrS

TARGET
COMPL
DATE tzt3L/2016
4lr/2076 7 /61)016
6lL/2011 7ltl20L6 1ltl20L7 sl1 l)o17
7 /2912076
2lt/207t t2/3Lt20L5
7 ltl20t6 7 l7l20t6 tol7l20t6
7/L12076 4ltsl2076
5/Lt20L7 72/18120t5
9171201.6
9/7/2077 4/7/2076 6tU201,6 6lLl20t6 3/l/20L7 101)al)01s
L2/LLl20L5 t2/ra12075 12llAl20t5 12l!8120]5 t2/78120t5 1) 11A12075
t2/141201,5

2ND OTR 7/1 5-9/1 5
863,333 500.000
45.234 700 000
120.000 400.000
1.250,000 114.286 151 111
s4.163.968.00

3TH OTR 1 0/1 5-1 2/1 5
843-333 1.OO0.0U0
135.714 504 000
700 000
650_000 36{J,U00 400,000
1 250.000 342.857 453 333 712,5UU
354 000 2,E50.000 1,500,000 2 850.000 1,500,000
900.000 900 000 516.245.737.00

4TH OTR l/'t 6-3i 16
883.333 1 000 000
487.500
681,334 135.714 504_000 41 tt,trti4
650.000 360 000 400,000
'f _250_000
342,45f 453.334 712 50,0 292 500

1ST QTR 4/1 6-6i 1 6
883.333
487,50U 2.075.000
210.000 2.O44.OOO
135,114 504.000 1 250 000
900.000 1,030,000
650.000 360.000
588,000 1.250.000
302.222 475 000 292.500

2ND QTR
7/1 6-9/1 6 EE3,333

3TH QTR 10i 16,12/16
tt:.t:l:J5

6.225.000
2.O44.OOO 135 714 168.000
't 250 000

,225,OUt)
2.O44.OOO 't35 714
1.250.000

tt5u,0u0
147 .49 t
392_000 1.250,000

562.503 1.500.000
1.250.000

292.500 900 000

292.500

4TH OTR '1117-3117

1S't OTR 4117 -6117

6 225.OOO
1,362,666 135.7't4
833.336

4. f 50.000 90.478

562.503 '1 250 000

187.497 1.250.000

195,000

58.569,756.UU $13,437,269.00 s't 4.378.0t4.00 s14.143.052.00 510.564,219.00 $5,677,975.00

TOfAL
DISBURS s5.300.000 s2.500.000 5975.OO0
s24.900.000 s210.000
s8.176.000 5950,000
s1.680.000 95.000.o00 51.400.000
$900,000
52.600.000 s1.200.000 3r.200.000 51.500.O00 s't.500.000
9980,000 510.000.000
s800.000 51.360.OO0 $1,900,000
sr.s00.000 92,850,000 51,500,000
c n^^ 5900,oo0 s89.180.000.00

2015 Estimated CWSRF Disbursement Schedule

15

ATTACHMENT 3 - 2015 ASAP CWSRF Payment Schedule CLEAN WATER STATE REVOLVING FUND 2015 ASAP PAYMENT SCHEDULE

Payment No
1
2 3 4 5 6 7
I
Total

Federal FiscalYear

Quarter

Date

3rd Quarter
4th Quarter
lst Quarter
2nd Quarter 3th Quarter 4th Quarter
lst Quarter
2nd Quarter

412015.6/2015 7t2015.9/2015
1012015. fl2015
1t2016 -3t2016 4t2016.6120'16 7t2016 - 9/2016 10t2016.1212016 1t2017 -3t2017

Amount ($) $23,740,000
-$o-$o-$o-$o-$o-
-$o$23,740,000

16

Sources & Uses
Souces Captalizaton Grant Funds Capitalzation Grant Funds Match Funds
CWSRF Federal Repayments Fees Collected
Closing fee lnvestment Earnngs (Short & Long Term)
CWSRF Federal Repayment Fund CWSRF State-Match Repay Fund Closng Fee (program)
fee Total Sources
Uses CWSRF Disbursements - 2014 Cap Grant
Disbursements - 2015 Cap Grant Dsbursements - State Match Dsbursements - Repayments Admnistraton - (4%)
lncome Total

1ST QTR 4/1 5-6/1 5
5,500,000
L4,485,577 157,000 101,000. z7,ooo 8,550 310
s,s00,000 916,8s0
3,000,000

2NO QTR 7115-9115

ATTACHMENT 4 CLEAN WATER STATE REVOLVING FUND
ESTIMATED SOURCES AND USES

3fH QfR
10t15-'12t15

4TH QTR 1/16-3i 't 6

lST
QTR 4/1 6-6/16

2ND QTR 7/1 6-9/1 6

3TH QTR 10t16-'12t16

L60p2s
t02,5L5,, 27,405 8,678 315: s

5r500,000 916,850:

s,s00,000

t,740,ooo 290,058

t4!504,87t t64,g45.

L4,764,8L2
i
t69,O72

1,4,4L2,049 L77,63L

104,053 27,8t6 8,808
319
5

10s,614

8,94r

324

5 2L,493,u5

zt,tes,ztz s

9,2L7 L75

L4,433,O29 t82,O72
79,573 9,349 339

s,280,000 i 916,850
3,000,000 220,000

220,OOO s

5,280,000
3,000,000 220,OOO

s,280,000 916,850
3,000,000 220,OOO

9,491,850 s

9,491,8s0

290,058 3,000,000

4fH
OTR 1 t17 -3t17

1ST QTR 4117 -6t17

Total

t4,432,715
9,489 344

s s s
5 r4,3,s4L

5,5,O 23,740,OOO
4,4743O4
r!O,77L,928

igr,zag s

L,562,459

r,776,,5 30,415 s 9,632
349 s

965,493 25a,toz
8t,732

75,000

5,500,000 22,790,400

s

34,500,0(x)

s

949,600

S

69,289,308

2014 CWSRF - Estimated Sources and Uses

L7

ATTACHMENT 5 - CWSRF 4 Percent Administrative Funds
2015 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 $949,600 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 $949,600 in this grant application.

4 Percent Administration (2015 - $949.600)

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 lmpacts (NONSI); Categorical Exclusions (CE); construction management; MBE/WBE requirements; project inspections; and assistance with the National lnformation Management System (NrMS),
Total

Cost Engineering and Technical Support Contract: $559,300 GEFA staff: $390,300
$949,600

Comments Any remaining funds will be banked to administer the CWSRF Program in future years.
Any additionalfunds needed above the $949,600 will be used from previous capitalization grants rolled fonruard.

18

ATTACHMENT 6 - Ranking Criteria for CWSRF Projects (Clean Water Projects)
2014 CWSRF Project Solicitation Project Ranking Criteria

(Maximum Point Total - 100 Points)*

Proects 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 20 points) 2. Compliance Benefit (maximum of 20 points) 3. Project Benefits (pick only one)
a. Green lnfrastructure, Nonpoint Source and Stormwater Management Benefits (maximum of 50 points) b. Energy Conservation, Efficiency and Production Benefts (maximum of 50 points) c. Wastewater Collection, Conveyance and Treatment Benefits (maximum of 50 points) 4. Other Applicant or Project Attributes (maximum of 10 points)

CLEAN WATER STATE REVOLVING FUND SCORTNG SYSTEM _ DETAILED BREAKDOWN
'1. Readiness To Proceed
CHECK ALL THAT APPLY (maximum of 20 points)
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

'10 pts 5 pts 5 pts

2. Gompliance Benefits

CHECK HIGHEST LEVEL BELOW THAT APPLIES (maximum of 20 points)

a. Project is needed to fully address deficiencies documented in Emergency or

Administrative Order from EPA or EPD (Order #:

)

b. Project will support implementation of a Total Maximum Daily Load (TMDL) plan

(applicable TMDL, water body name and water body lD)
c. Project is needed to achieve / maintain compliance with Georgia's Nonpoint Source

Management Plan

d. Project is needed to achieve / maintain compliance with applicable permit (NPDES, LAS,

MS4) (Permit #:

)

Nofe - total points available in category above exceed 20, but maximum possl/e score

is 20

20 pts 10 pts 10 pts
5 pts

3. Project Benefits - Please select only one most applicable category of project benefits. Please
select all benefits that apply within the chosen category. (Green lnfrastructure, Nonpoint Source and Stormwater Management Benefits, Energy Conservation, Efficiency and Production Benefits, and Wastewater Collection, Conveyance and Treatment Benefits) (maximum of 50 points)
Green lnfrastructure, Nonpoint Source and Stormwater Management Benefits CHECK ANY BELOW THAT APPLY (maximum of 50 points)
a. Project involves the permanent protection of a wellhead protection or groundwater
recharge area or land within a designated Source Water Protection Area.
b. Project will reduce non-point source pollution and provide passive recreation facilities
open for public access
c. Project will allow a stream segment listed as non-attaining of designated use on either
the 303(d) list or the 305(b) list to meet its designated use.
d. Project includes permanent protection of stream buffer zones and/or wetlands e. Project uses green infrastructure and/or non-structural Best Management Practices
(BMP) to reduce nonpoint source pollution
f. Project will support creation of a Stormwater Management Program or implementation of
a Stormwater Management Plan

35 pts 30 pts 25 pts 20 pts 15 pts 10 pts

'19

Energy Gonservation, Efficiency and Production Benefits CHECK ANY BELOW THAT APPLY (maximum of 50 points)
a. Project will create renewable energy from wind, solar, geothermal, biogas, or micro-
hydroelectric and provide power to the utility. Power must feed into the grid in which the utility draws from and/or directly connects to the utility.
b. Project will reduce energy consumption at a wastewater treatment facili and/or
collection system by 20 percent or more.
c. Project designed to reduce energy consumption by the utility via the replacement of
pumps and/or motors, blowers, SCADA equipment, lighting upgrades or other energy savings products or processes.
d. Energy management planning projects, including energy assessments, energy audits,
optimization studies, and other projects designed to determine high energy use areas.
Wastewater Collection, Gonveyance and Treatment Benefits CHECK ANY BELOW THAT APPLY (maximum of 50 points)
a. Project will allow a stream segment listed as non-attaining of designated use on either the
303(d) list or the 305(b) list to meet its designated use.
b. Project will allow a facility to attain a level of treatment that is more stringent than secondary
treatment or produces a significant reduction in non-conventional or toxic pollutants. (BOD, Nitrogen, Phosphorus, Ammonia, Metals, Synthetic Organic Chemicals)
c. Project will reduce sanitary sewer overflows (SSO). d. Project will eliminate leaking / failing septic systems.

30 pts 20 pts 15 pts 10 pts
30 pts 25 pts 20 pts 15 pts

4. Other Applicant or Project Attributes
ANY BELOW THAT APPLY (maximum of 10 points)
a. Project will increase system operating revenues or decrease system operating expenses by b. more than 10 percent leading to the greater financial integrity of the utility.
Project benefits more than one system or community (e.9. interconnection of two or more
public utilities).
c. Project entails the use of new, promising technology or represents an innovative approach to ensuring water quality and protecting human health.

6 pts 4 pts 2 pts

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ATTACHMENT 7 - Public Participation Summary CLEAN WATER STATE REVOLVING FUND PUBLIC PARTICIPATION SUMMARY
0n Tuesday February 24,2015, at 10:00 a.m. the Georgia Environmental FinanceAuthority (GEFA) held a public meeting on the FY 2015 lntended Use Plan forthe Clean Water & Drinking Water State Revolving Funds. The meeting took place in the GEFA boardroom located on the 9tt Floorof the Hanis Tower a1233 Peachtree Street, Atlanta, Georgia 30303. ln attendance at the public meeting were Fuller Callaway, GEFA, Jason Bodwell, GEFA, Jenerrah Byron, GEFA, and Michael Roberts, GEFA. No one from the public attended the meeting, The meeting was closed at 10:30 AM. GEFA posted the IUP on its website after the public meeting.
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ATTACHMENT 8 - Program Policies LOAN PROGRAM POLICIES
(WATER QUALITY PROJECTS) JANUARY 2015
1. Punpose
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, preserues our natural resources and promotes economic development, GEFA sustains this mission through effective, efficient and prudent management of these public resources.
2. AppucnstLw
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. Sue-PnocRAtr,ts
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 actualor potential public health hazards. To be eligible, the proect 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, lnterim 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 Conseruation 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. ELrcreLe Recrprerrs
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,
i. b. Minimum Recipient Qualifications Qualified LocalGovernment- Municipalities and counties must be certified as Qualified Local ii. Governments by the Georgia Department of Community Affairs (DCA). Seryice Delivery Strategy- Municipalities, counties and authorities must be included in a DCAverified Service Delivery Strategy. Additionally, the project for which an applicant seeks financing iii. must be consistent with the verified strategy. State Audit Requiremenfs - Municipalities, counties, authorities and nongovemmental 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 v. is making a good faith effort to comply with all MNGWPD plans and/or enforcement measures. Updated Building Codes - Municipalities and counties must have adopted and enforce the vi. provisions of O,C,G.A, S 8-2-3 relating to installation of high-efficiency plumbing fixtures. Current Loan Agreemenfs - A cunent GEFA borrower can receive additional GEFA financing only if the borrower is in compliance with the existing credit documents (e.9., 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. S 12-6A-2(9.1),
5. ELrereLe Pnoecrs
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. S 50-23-4(sXA). Sewer- projects for collecting, treating, or disposing of sewage consistent with O.C.G,A.S 50-23-
. 4(5XB) Sofid Waste- projects for collecting, treating, recycling, composting, or disposing of solid waste consistent with 0.C.G.A. S 50-23-4(5XC).
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;
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. Converting flood control or amenity reservoirs to water supply reservoirs; . lncreasing 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; lnterconnecting 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; lndirect 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 pgects include:
- Projects for collecting, treating, or disposing of sewage under section2l2 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,cGA s12-64-2(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:
. lnstallation or upgrade of facilities to improve the quality of drinking water; . lnstallation 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; lnstallation or upgrade of storage facilities; Consolidation of water systems; and Creation of a new water system.

i. e. Minimum Project Eligibility Requirements Under all GEFA Loan Programs 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 iii. s 12-5-472(b) 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
ln 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:

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Each project must be included in an lntended Use Plan submitted by GEFA to the U.S, Environmental
Protection Agency (EPA). il Each project must successfully complete the State Environmental Review Process, administered by
. EPD and receive a Notice of No Significant lmpact or Categorical Exclusion. Each recipient must certify it's compliant with Title Vl 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. ELrorsle Acrvnes

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 Administrativeand/orlegalservices System purchase

Engineering, Legaland Adninistrative Cosfs - 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 proect 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 underthe 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 Sysfems - 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.

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7. PRocnRu Mnxlltutus
Loans available from GEFA are subject to the following maximums
a. Loan Amount
i. Georgia Fund
1. The maximum loan amount is $3,000,000 per bonower 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 Reseruoir 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 the lesser of 30 years or the useful life of
the project.
iv. Drinking Water SRF- The maximum amortization period is 20 years
8. llrenesr Rnres
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 2O-year, competitively-bid, general obligation bond issue. This is GEFA's benchmark rate, though any of the standing interest rate adjustments described below may apply.
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,
lnterest Rate Concessons - 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 Supplv Fund
- Environmental Emergency Environmental Emergency Loans may receive an interest rate
100 basis points (1 percent) below GEFA's benchmark rate.
Georgia Fund. the Clean Water SRF and the Drinking Water SRF
WaterFirst - Communities that receive the WaterFirst designation from DCA 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.
- PlanFirst Community Communities designated as a PlanFirst Community by DCA may
receive an interest rate 50 basis points (112of one percent) below the prevailing interest rate for the program through which it is to be funded, as provided for in these policies.
Water Conservation Loans- Communities seeking financing for an eligible water conservation project (identifed 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 Conseruation 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 Conseruation 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.
lnterest Rate Concessons 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 fonruard and will not be implemented on a retroactive basis. lnterest 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.
Specral Loan Terms - The GEFA board may approve loans with different interest rates or specialized
terms (e.9., principalforgiveness) 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 lnterim 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 Servicrng 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. Lonn Secunrrv
For purposes of securing its loans, GEFA shall require a revenue and full{aith-and-credit pledge of each borrower and any other special loan condition it may deem necessary (e.9., debt service reserve, etc.). For bonowers, such as authorities, that lack taxation authority or lack adequate taxation authority to provide a fullJaith-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 fullJaithand-credit pledge to back the loan. ln those cases where the borrower is unable to secure such an agreement, GEFA may require additional security by other means.
'11. PRocunuer
Procurement of construction contracts, construction services, materials, and equipment in GEFAJ|nanced 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. Corsrnucron Pentoo lrreResr
Unless othenise 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, ReleseorGEFAFuros
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.9., invoices).
CMU 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, lf the budget reflects additional funding sources and proporlional payment of specific budgeted costs, GEFA will pay toward those expenses according to the budget reflected in the approved budget, unless othenvise agreed upon by GEFA, EPD and the borrower,
14. Lom Execunoru Denoure
lf 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. Lom RsrnucruRrNc
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. ln 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 from rate increases or raising of ad valorem taxes 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.
ln reviewing a restructuring request, GEFA will seek to determine that there is a documented history of prudent fiscal and operational management and expense control.
ln 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. Lom Renrll,cruo
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, ln evaluating a financial hardship refinancing request, GEFA willevaluate the same financial hardship indicators outlined in policy provision 15 (Loan Restructuring).
17. CReorr ArRlvsrs
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 othenruise 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.
lf 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, ln the event a local government does not meet typical debt service coverage of 105 percent, the loan may still be approved by the board under certain conditions.
ln 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. Historicalfinancial performance is
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derived from audit reports of the applicant, Projected cash flows are based on information in the applicant's loan application, engineering reports, historicaltrends, population growth projections, discussions with community representative, and new ordinances. lf 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 repoft containing significant audit findings. lf 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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