The Coweta County Commission on June 5 gave a show of support to help Trinity Christian School move ahead with securing funding that will add 15 classrooms to the school facility. The resolution is a step in the overall process of securing the funds needed for the expansion. The commission’s support of the measure does not hold Coweta County liable for the bond payments.
The vote by commissioners followed a resolution in April by the Coweta County Development Authority designed to lead to funding that would help with an expansion project at the Trinity Christian School on Ga. Highway 54 that would add 15 classrooms at the east Coweta County campus.
CCDA President Greg Wright said the authority at its April meeting approved an inducement resolution for Trinity.
“The school requested $5 million in bond funding to help with an expansion project that will add 15 classrooms,” Wright said. ”The inducement resolution is the first step in the revenue bond process. The Development Authority expects to receive a request to approve a bond resolution at a later date.”
The process to obtain the funds for the expansion should be completed sometime this summer, Wright said Wednesday.
Wright said neither Coweta County nor CCDA would be responsible for repayment of the bonds. Commissioners June 5 were also told that the resolution will not impose any liability on the county, nor does it conflict with issues pertaining to the separation of church and state.
“The bonds being considered are revenue bonds, which are paid back by the borrower from its revenues,” Wright said. ”The bonding process is simply a way for the school to borrow money at a more competitive interest rate and is used by many communities in Georgia as an economic development tool.”
Trinity Christian School is a Christ-centered private school serving grades Pre-K-12, according to the school’s website. The school has a combined enrollment of approximately 900 students residing in Coweta, Fayette and south Fulton counties.
The school is located on Hwy. 54 at the intersection of Ga. Highway 34.
