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Oconee County Board Of Commissioners To Consider New Debt for Hard Labor Creek Regional Reservoir

The Oconee County Board of Commissioners is scheduled to review loan documents on Tuesday night for $20 million of indebtedness for the Hard Labor Creek Regional Reservoir.

The Oconee County Board of Commissioners is scheduled to review Georgia Environmental Finance Authority loan documents on Tuesday night as the first step toward approval of an additional $20 million of indebtedness for the Hard Labor Creek Regional Reservoir in Walton County.

It will be the first opportunity for citizens of the county to comment on the loan, and the first real chance for them to review the decision of the Hard Labor Creek Regional Reservoir Management Board to seek state funding to continue work on the project.

Without that state funding, the Management Board will run out of money before it can build the reservoir itself. Even with the state funding, the Management Board lacks money to build a water treatment plant or distribution lines to get the water to customers in Walton and Oconee counties.

Oconee County will assume responsibility for 28.8 percent of the $20 million, or $5.8 million.

For details of the procedures to be followed by the county as it considers the loan as well as of the loan itself, go to Oconee County Observations.

See also:

Oconee County and Walton County Votes On Hard Labor Creek Loan Postponed to January

Hard Labor Creek Management Board Still Waiting on Loan Documents From State

Hard Labor Creek Management Board Agrees To Consider Adding Citizens from Walton and Oconee Counties

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Xardox December 17, 2012 at 01:12 PM
1. "Too much money has already been spent to be stopped now." Yes, it has, and yes it can. 2. "Too much money can be made to stop now." Exactly who is going to make that money, now?

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