Do it our way.
That’s the message from City of Gulf Breeze officials to the Holley Navarre Water System board about a controversial proposal to refinance $9.8 million in debt held by the collective from which the utility buys most of its water.
A majority of HNWS directors recently rebuffed the inperson pitch by Fairpoint Regional Utility System President Buz Eddy—a paid adviser to Gulf Breeze—seeking their support to extend the co-op’s seven-year-loan to 20 years in order to reduce its loan payments.
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