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$60M bond issue OKd for Forsyth water department
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Forsyth County News

Other action

Also during its work session Wednesday, the Forsyth County commission:

* Accepted Enterasys Networks Inc.’s bid for $373,952 to provide equipment for information services and technology at the new jail and courthouse.

* Approved a $602,263 dispatch console upgrade for E-911 through Motorola.

* Agreed to spend about $2.1 million for a construction of the Shakerag Gravity sewer and ductile iron pipe and manholes between Old Atlanta Road and the new water reclamation facility.

* Awarded 118,000 to Gregory Johnson Fine Art for a sculpture of Lady Justice that will go outside the new courthouse.

* Confirmed the county animal shelter’s euthanasia and kennel sanitation policies.

* OK’d a bid to design a fire station at Brookwood and Caney roads for $83,000 to the firm Hussey, Gay, Bell and DeYoung of Gainesville.

* Increased the deputy county manager’s max compensatory time from 180 hours to 220 hours.

* Heard plans for the sheriff’s office to temporarily use space at the new courthouse until a new rental location can be found.

* Accepted a bankruptcy settlement from Gateway Computers for up to $34,165.

 

Note: All votes were 5-0 unless otherwise listed.

 

-- Kelly Whitmire

FORSYTH COUNTY — The Forsyth commission has approved proceeding with a $60 million bond issue for the county’s water and sewer department to fund capital improvement projects over the next five years.

The vote was 5-0 during a work session Wednesday.

“It’ll just support the funding of our five-year capital improvement plan, along with cash that we currently have on hand,” said Tim Perkins, director of the department.

The bonds will cover about a third of a planned $173.7 million in projects, with the rest of the funding coming from other sources. Those projects include water distribution, collection systems and facilities, as well as a possible water intake from Lake Lanier and transportation relocations.

Perkins said they went forward with the bonds now due to low interest rates.

“We already have some [funds]. We have a good bit in cash reserves, along with annual revenues from tap fees and other things,” he said. “We do generate a good bit of revenue.”

The biggest part of the five-year plan, about $83.4 million will be spent in 2015 and ’16.

The plan to issue the bond has been in place since the department’s last bond issue seven years ago.

“It was anticipated [in 2007] that … we would need to have another $50 million bond issue in 2009, which never happened,” Perkins said. “We expected to have done … but when the economy slowed down we didn’t have to.”

A vote from residents on the bond issue isn’t required, because tax dollars are not involved.

“This is a revenue bond, since we’re separate,” Perkins said. “We’re not a tax-funded department. So this is being paid back with revenues from the system. ”