Taylor authorizes $30 million bond issuance
by Neil B. McGahee
May 17, 2013 | 1262 views | 0 0 comments | 22 22 recommendations | email to a friend | print
When it comes to financial stability, Bartow County is in elite company, County Commissioner Steve Taylor told those attending the monthly county commission meeting Wednesday.

“As many of our neighboring counties are learning, this slow economy is hurting them greatly,” he said. “We just received notice that Bartow County has an AA2 bond rating with Moody’s. The highest rating is AAA.”

With that caveat, Taylor authorized the issuance of $30 million in general obligation sales tax bonds.

“This was a voter-approved issuance that is structured to be repaid with funds from a Special Purpose Local Option Sales Tax [SPLOST] in 2020,” Taylor said. “Proceeds from the sale will provide funding for 24 projects, including $4.5 million for water and sewer projects, $11,681,800 for roads, $2 million for the fire department and $2,465,250 for recreation department projects.”

In other business, Taylor:

• authorized the sale of surplus county property, including a truck, a backhoe, light bars from police cars and miscellaneous items.

• approved a property damage release form.

• approved a contract for entrance improvements at Highland 75 industrial park.

• amended an intergovernmental agreement with the city of Cartersville to adjust fee schedules for solid waste disposal at the Bartow County landfill.

• approved a consultant agreement for timber harvesting at the landfill.