The idea of
using a bond issue to help fund projects for Peachtree City isn't a new
idea.
In the past,
five different bond referendums have been proposed on city ballots, with
three passing and two failing.
But a recent
proposal from Mayor Bob Lenox calls for voters to decide on the fate of
three separate bond issues which are likely to surface on the ballot on
November.
Two of the
bonds would retire the debt of the city's airport and development authorities,
fund a $2.5 million expansion of the city's tennis center, add another
basketball court and a gymnastics area at the Kedron Recreation Center
and go towards the purchase and improvements to Drake Field. Those two
bonds would total $6.65 million if approved by voters.
The city's
annual payment on both those bonds would be covered by the proposed raising
of the hotel-motel tax from 3 to 5 percent, Lenox contends.
The third bond
proposal, to build a community center for over $5 million, would require
a millage rate increase from between .15 and .3 mils, Lenox said.
The first effort
in Peachtree City to use a bond issue for a city project was in 1980 to
fund a recreation facility. Voters turned down the bid for the $2.5 million
bond issue, according to city records.
A second attempt
at a bond issue came in 1982 when voters approved a $600,000 bond issue
for a maintenance building and capital equipment purchases. The third
bond issue also passed voters' muster, netting $2.35 million for a fire
station, public services and dispatch building.
A fourth bond
issue attempt in 1989 failed, however, with a proposal to secure $7.5
million for reconstruction of the amphitheater facility, which had burned,
and an additional recreation complex with a gym and pool. Former Mayor
Fred Brown Jr. said he thought the bond issue was voted down since it
would have required raising property taxes by almost 1 mil. The amphitheater
was rebuilt later with other city funds, Brown said.
In 1993, voters
approved a $3 million bond that paid for the Kedron Fieldhouse and Aquatic
Center, the Gathering Place and the baseball-soccer complex on Ga. Highway
74 South.







Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…