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Cornelia commission approves amendment to GEFA loan, extends term to November 2026

The city's loan repayment schedule is being extended, affecting how long Cornelia will carry this debt.

By NEGA Brief Newsroom
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July 1, 2025: Amendment to GEFA Loan # WS12L18WR extending loan life to November 2026

At a glance

What this means now

Where it stands

Minutes of that meeting specify the amendment extends the loan's life to November 2026; the motion for the modification, made and seconded by commissioners, was approved 4-0.

The story

An amendment to GEFA Loan # WS12L18WR was placed on the Cornelia City Commission's July 2025 agenda.

SourcesCommission Agenda July 2025 110.6 KB

The commission approved the amendment by a 4-0 vote at its July 1, 2025 meeting.

SourcesCommission Agenda Summary July 2025 144.4 KB

Minutes of that meeting specify the amendment extends the loan's life to November 2026; the motion for the modification, made and seconded by commissioners, was approved 4-0.

SourcesJuly 2025 City Commission Minutes 119.6 KB

What happened

How this issue got here

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Appeared on agenda
proposed

Amendment to GEFA Loan # WS12L18WR

Amendment to GEFA Loan # WS12L18WR

Approved
confirmed

Amendment to GEFA Loan # WS12L18WR

Amendment to GEFA Loan # WS12L18WR Tab J Approved 4 - 0

Approved
confirmed

Amendment to GEFA Loan # WS12L18WR extending loan life to November 2026

modification, seconded by Commissioner Griggs. Approved 4 - 0

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