At Tuesday’s meeting the City of Griffin Board of Commissioners unanimously approved a settlement agreement with Coweta County and the Coweta Water & Sewerage Authority as well as a revised water sales agreement with Coweta and its water authority. As part of the revised agreement, the Coweta Water & Sewerage Authority will pay $9 million, plus another $171,331.95 to cover the past due amount due between Jan. 1 and June 30 of this year.
As part of the agreement, Griffin waives $58,000 in late fees and penalties. The $9 million, City Attorney Drew Whalen said, will be used to finance the expansion of Still Branch, replace the Flint River intake pump and it “opens the doors to refund the 2002 revenue bonds.”
Commissioner Dick Morrow said, “This keeps us from going to the bond market to make improvements.”
Whalen said the deal is “a benefit for the entire regional water system the city operates.”
The agreements had already been approved by both the Coweta County Board of Commissioners and the Coweta Water & Sewerage Authority, which now has until Oct. 1 to make the payments.
The contract issue has been in court for some time, with Coweta County and its water authority spending more than half a million dollars in legal fees to get their price and terms changed.