GTIB loan sought for Dougherty County road and bridge upgrades
A packet item asked the commission to approve a $667,758 loan agreement with the Georgia Transportation Infrastructure Bank to cover part of a $1.45 million road and bridge project; the packet lists project scope, a three-year spend-down, and repayment from TSPLOST II.
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A staff report asked the Dougherty County Commission to approve a Loan Agreement with the Georgia Transportation Infrastructure Bank (GTIB) for $667,758 to fund construction work on a Road and Bridge Infrastructure Improvements project. The loan proposal was presented with an accompanying resolution and a full draft loan agreement that spelled out budget, scope and terms.
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