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Hart County Water and Sewer Authority director Pat Goran proposed borrowing $365,000 to pay for radio-read retrofit and meter replacement at the authority’s meeting on Monday.
The GEFA loan would have 40 percent principal forgiveness and would go to converting all customers to the new meters that are quicker and simpler to read than older meters that required workers to physically visit each one.
“If we don’t go ahead and borrow the whole $365,000, then we won’t get as much principal forgiveness as is available to us,” Goran said.