Madison County officials received a “Yes” Tuesday from state officials on an application for a loan to expand water services in the county.
The county industrial authority applied for a $1.5 million loan from the Georgia Environmental Facilities Authority (GEFA), with $500,000 of that “forgiven,” or not required to pay back. The remaining $1 million loan would be repaid with 2.1 percent interest.
GEFA officials gave the thumbs up to the county industrial authority Tuesday. However, the authority still must vote on whether to proceed with the water expansion project. So far, the group has only voted to seek a loan/grant package.
County industrial authority executive director Marvin White said the loan/grant will help connect the northern end of the county with the southern end.
“It’s going to give us an opportunity to connect the Franklin County system all the way through the county to the Clarke County line,” said White.
The project could expand county water lines along Brewer Phillips Road to Booger Hill Road; from Charlie Bolton Road to the Athens-Clarke County line; along Hwy. 72 to Isabella’s Place and to finish up lines along Virginia Lane in Hull.
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