The city of Comer has been awarded a $250,000 water infrastructure loan by the Georgia Environmental Finance Authority (GEFA).
The loan will finance the installation of radio-read meters and a computer modeling system, replacing the old, cast-iron water mains.
Comer will pay 2.98 percent on the 20-year loan. The interest rate is blended and calculated on $82,000 at 2.31 percent for 20 year for the metering and computer modeling system and $168,000 at 3.31 percent for 20 years replacing the cast-iron water mains. The meters and computer modeling system projects are water conservation eligible. The total project cost is $250,000, with GEFA providing the entire amount.