The Industrial Development Authority voted Dec. 20 to apply for a GEFA (Georgia Environmental Finance Authority) loan in order to purchase water lines currently owned by Commerce in the Black’s Creek Church Road area in May 2011 and to expand water lines toward the Neese area.
The loan, if approved, will furnish $1.4 million toward the project at a three percent interest rate. Another $604,241 will be provided as a grant, bringing total funding for the project to $2.14 million, according to executive director Marvin White.
White added that there are currently 48 water customers on the Commerce lines and that there will be other customers who will come on line as the system expands. The IDA also plans to buy water from Commerce after the purchase.
In other business, the authority heard from utility director Steve Shaw that 735 water customers were billed in November and that 4.21 million gallons were used. Both customers and water usage were some up since October, Shaw said.