Health & Fitness
Hard Labor Creek Management Board Scheduled To Consider $28 Million Budget
The Hard Labor Creek Regional Reservoir Management Board is scheduled to consider on Tuesday the $28.2 million fiscal year 2014 project budget.
The Hard Labor Creek Regional Reservoir Management Board is scheduled to consider on Tuesday the $28.2 million fiscal year 2014 project budget, which includes $15 million for construction of the dam and spillway for the reservoir in southeast Walton County.
The budget also includes $2.8 million for construction of the reservoir intake and pump and $3.5 million to relocate Social Circle Fairplay Road.
The spending in fiscal year 2014 will be financed by $5.6 million from the proceeds of bonds already sold by the two counties and by $22.6 million in state loans.
By the end of the fiscal year on June 30, 2014, Walton and Oconee counties are budgeted to have spent $74.1 million of the $170.3 million estimated cost of phase one of the reservoir on Hard Labor Creek.
The two counties still must raise $86.4 million to cover the remaining costs of the project’s first phase, including $34 million needed for construction of the water treatment facility and $21.3 million for the water transmission lines.
For more on this story, go to Oconee County Observations.