The Hard Labor Creek Reservoir Management Board Tuesday accepted without comment a schedule that calls for the Oconee County Board of Commissioners to approve on Nov. 6 two loans for $32 million from the state of Georgia for construction of the dam that will create the reservoir in the very south of Walton County.
The issue will be approved by the Management Board itself on Oct. 16, according to the schedule, and come to the Oconee County BOC on Oct. 30 for first reading. The Walton County Board of Commissioners is scheduled to approve the loan on Nov.6, when the Oconee County BOC also takes final action.
Jimmy Parker, vice president of Precision Planning Inc., with offices in Monroe, presented the schedule to the Management Board at its scheduled meeting in the Walton County government building in Monroe. Parker is serving as project manager for the reservoir.
Parker told the Management Board that GEFA will allow the counties to delay execution of either or both of the loans until May 1, 2017. The loans will expire if they have not been executed by that date.
For more information on the meeting, go to Oconee County Observations.