The city commission's vote lets Mayor Borrow sign an amended promissory note and loan agreement tied to the Reservoir Improvement Project, pushing the loan's term out to June 1, 2029.
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The story
The Cornelia City Commission took up a modification to the promissory note and loan agreement for its GEFA loan at its September 2026 meeting.
Commissioners approved the change, which modifies the GEFA loan and promissory note for the Reservoir Improvement Project and extends the loan to June 1, 2029. Commissioner Cook made the motion to authorize Mayor Borrow to sign the agreement, seconded by Commissioner Bagwell, and it passed 4-0.
What happened
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Modification to Promissory Note and Loan Agreement for GEFA Loan Tab E Approved 4 - 0
Commissioner Cook made a motion to authorize Mayor Borrow to sign the agreement, seconded by Commissioner Bagwell. Approved 4 - 0
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