The Governor's Office has announced the State Community Development Block Grant (CDBG) 2011 Annual Competition Awards. For the CDBG Annual Competition, one hundred forty-seven local governments submitted requests for over $67 million in projects across the state while approximately $33 million was available to fund local proposals. With these available dollars, 70 projects will receive funding and move forward this year.
The Town of Lyerly is very fortunate to be the recipient of funding in the amount of $500,000.00 to fund improvements to the old and failing water system inside the town limits. We have also applied with the Georgia Environmental Finance Authority (GEFA) for a low interest loan to fund the remainder of the cost of the water project. This loan will be through the Drinking Water State Revolving Fund (DWSRF) and because of the nature of the project it is considered a water conservation project and we will qualify for a 2% interest rate.
We are now one step closer to the new water system becoming a reality and citizens can rest assured that we will do everything in our power to see this through.