Commissioners head to New York to get rate break

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Commissioners head to New York to get rate break

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The Coweta

County Commission is hoping a New York state of mind can save the county

thousands of dollars.

Three commissioners

leave Monday for a quick trip to the Big Apple to try and get the county's

water bonds rated higher.

Officials are

looking to issue nearly $35 million in bonds to construct new water lines

throughout the county and also to refinance some existing debt.

County commissioners

Lawrence Nelms, Vernon "Mutt" Hunter and Jim McGuffey will try

to convince officials at Moody's that the county's rating needs to be

moved from A1 to AA.

If they're

successful, the county could save up to $200,000, said County Administrator

Theron Gay.

The county

contingent will arrive late Monday afternoon and has presentations scheduled

all day Tuesday before heading back to the county.

The county

has approved $15,000 for the trip, but Gay said that is a maximum amount

and he does not figure the county will spend nearly that amount.

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