The Dade County Water and Sewer Authority has decided not to move forward with a water reservoir project that has been in the works since 2018.
A 61-acre tract of land between Sells Lane and Lookout Creek Road and adjacent to Lookout Creek in Trenton, Georgia, was purchased jointly by the authority and the county in December 2018. At that time, the county put $100,000 toward the purchase of the property, and the water authority obtained a loan through the Georgia Environmental Finance Authority to pay $400,000.
The loan taken out by the authority is a 15-year loan at 2.13% interest, authority General Manager Sherri Walker told the Times Free Press by email on Friday. It will be repaid over time by water and sewer customers.