Coweta County's
recent bond sale to expand the county's water system was a huge success.
That's the
assessment from County Administrator Theron Gay, who said the county sold
out $44 million in bonds in just a few days.
Not only did
the county sell out the bond issue quickly, but Coweta residents supported
the efforts by buying more than $500,000 in the bond issue.
Nearly $32
million of the bonds will pay for expansion of the water system, including
the building of the water lines that connect the county to Atlanta's water
source.
The bonds will
also build the B.T. Brown Water Treatment Plant in northern Coweta County
that will provide residents with another water source.
The remaining
$12 million is outstanding bonds that have been refinanced. Gay estimated
the county saved nearly $650,000 in interest costs after having the bond
rating increased to AA.
Construction
is nearly complete on the western line from Atlanta. Gay said the only
item left to do is for the city of Atlanta to set a water meter. He estimates
that water should be flowing from the taps in three weeks, just in time
to provide more water if the county experiences another drought.







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