The Metropolitan Moore County Council unanimously approved a resolution for a $2.2 million Sewer Plant Improvement Monday night at its August meeting. This comes on the heels of a promising report by Metro Utility Department (M.U.D.) manager Rick Garland last month.
At the Council’s July meeting, Garland reported that the utility department had paid off six loans with respective interest rates ranging from 2.857 percent to 6.25 percent.
“Just paying the RDA loans off we saved a total of $75,988,” Garland told Council members during last month’s meeting. “The three other bank loans that were paid off saved another $5,263 in interest alone for a total of $81,251. The original notes on these were $685,000 and we paid off $251,218 last year.”
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