Dawsonville City Council Agenda Packet 2026-05-18
GEFA Awards $18.8M Loan for Dawsonville WWTP
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Description
The Georgia Environmental Finance Authority has approved an $18.8 million Georgia Fund Loan for Dawsonville to help construct the Flat Creek water pollution control plant, with up to $5 million in potential principal forgiveness. The 20‑year loan at 3.49% interest will begin repayment after the plant is completed, projected in June 2027.
Contract Details
Contract Amount
$18,800,000 Georgia Fund Loan (up to $5,000,000 principal forgiveness)
Vendor
GEORGIA ENVIRONMENTAL FINANCE AUTHORITY
Agency
City of Dawsonville, GA
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
20‑year term at 3.49% interest; repayment begins after WPCP completion (estimated June 2027)
Renewal Date
2047-06-30
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