By The Associated Press
HOLLY SPRINGS, Miss. (AP) — Holly Springs aldermen have approved a 10-cent per cubic foot surcharge on natural gas to raise money to replace old cast-iron pipes.
The surcharge will be applied over a period of about 10 years and help the city leverage bonds to replace the aging natural gas system.
Utility department manager Don Hollingsworth tells The South Reporter that the work will be done in three phases and will be completed in year 2020.
Mayor Andre DeBerry says the city will borrow the money for the work and proceeds from the surcharge will repay the loan.