This is the first rate hike

for Fulton County water and sewer customers since January 1, 1997.� Three

public hearings were held in November to present the need for the improvements

and to notify residents of the rate change.

Sewer system tap fees in the

Johns Creek and Big Creek service areas and water system connection fees

for Fulton County customers will increase by 100 percent, also effective

January 1.

The increases are part of the

financing strategy for a $258 million, 2004 through 2006 water and wastewater

capital improvement program (CIP).� A $287 million, 30 year revenue bond

is expected to be issued in the first quarter of 2004.� Ten percent of

the bond amount will be used for debt service reserve and other associated

costs.

In addition to the rate and

fee increases, the program will also be funded through available retained

earnings in the Fulton County Water and Sewer Utility Fund.

Work for the 2004 CIP is expected

to begin in the first quarter of next year, and to be completed by the

end of 2008.� Projects in the CIP are based on a detailed analysis of

the FultonCounty water and sewer infrastructure system in conjunction

with the development of a long-term Strategic Business Plan.