Posted: Thursday, August 9th 2012 at 10:41pm

Demorest proceeding with $3.3-M loan application

Shown, seated from left, are Demorest Mayor Malcolm Hunnicutt and Councilman Donnie Bennett; standing are Councilman John Popham, Councilwoman Florence Wikle, and Councilman Jerry Harkness.

DEMOREST – The Demorest City Council on Tuesday adopted a resolution to seek a $3.3-million loan.

The funding, through the Georgia Environmental Finance Authority (formerly Georgia Environmental Facilities Authority) is for the purposes of water line replacements, replacement of older water meters with meters that can be read by a drive-by system, and the renovation of the city’s water tank at Dick’s Hill Parkway in Mt. Airy.

The terms of the loan are at 1.63-percent interest over 20 years, Demorest spokesman Sammy Smith said.

Associated Categories: Local/State News

Breaking NewsGa. job growth continues, but unemployment rate inches up Stocks slide as Fed says bond purchases could slow; Dow down 200+ points Ralston says changes to Ga. forfeiture law needed DFCS handrails, new sign, blinds still not in place in Habersham Alpharetta police find grow house with $1 million in pot inside Hall County designing new logo for marketing purposes

Other StoriesDeen says she used slur but doesn't tolerate hate CCA names Dr. John Baxter Vice President, Health Services Summer kick-off: Karaoke on the Gainesville Square HPV vaccine cut infection by half in teen girls Men's Wearhouse ousts founder, pitchman Zimmer; 'I guarantee it'Atlanta police shoot man suspected in robberies