Brookhaven, GA, February 14, 2017 – The Post Reports – The City of Brookhaven has been awarded a $5,700,000 Clean Water State Revolving Fund (CWSRF) loan by the Georgia Environmental Finance Authority (GEFA) executive committee, for purchase of the PDK Greenspace, described as 33-acres of forested land along Clairmont Rd. The purchase of the land increases the total amount of greenspace in Brookhaven by 10%, according to the City.
Brookhaven Mayor John Ernst said in a Tuesday release, “We are grateful to GEFA for awarding us this loan, which includes $500,000 in principal forgiveness, for the financing of the PDK Greenspace. It helps us keep the promise we made to our residents to keep Brookhaven green and vibrant.”
For the first 5-years of the loan, the City says they will utilize $2.4 million in proceeds from the sale of land at Skyland Park to the DeKalb County School System for a new John Lewis Elementary School, to pay the note. During that 5 year period, the City will decide what mechanism will be used to pay the balance of the loan, which carries a reduced .89% interest rate because the property purchase is an eligible conservation project.
“I’d like to express appreciation to Gov. Deal, U.S. Sens. Johnny Isakson and David Perdue, U.S. Rep. John Lewis, state Sens. Fran Millar and Elena Parent, and state Reps. Meagan Hanson, Scott Holcomb, and Mary Margaret Oliver for their support,” GEFA Executive Director Kevin Clark said in the release. “The state’s commitment to helping cities and counties finance infrastructure development is a main contributor to GEFA’s success.”
The CWSRF, is as a federal loan program administered by GEFA, and provides communities throughout Georgia with low-interest loans to fund wastewater infrastructure and water pollution control projects. “The program is jointly funded by the U.S. Environmental Protection Agency and the state of Georgia,” explains GEFA. “Eligible projects include a variety of stormwater and wastewater collection and treatment projects. These projects conserve and improve water resources, and facilitate economic growth, and development. Low-interest loans from this program are available up to $25 million.”
Currently one of the City’s Public Works vendors, RoadWorx, utilizes the Clairmont Rd. frontage as a staging area for maintenance equipment. By virtue of an agreement with PDK, RoadWorx also uses the space as a “home base” of sorts for their crews. The City says they are already looking for a place to relocate the staging area to.
The City indicates at some point the public will be engaged to formulate a plan for passive uses.