Hall County and Blairsville get GEFA loans
Posted in the Blairsville Forum
#1 Jul 9, 2013
Posted: Tuesday, July 9th 2013 at 5:46pm
Hall County and Blairsville get GEFA loans
By Derreck Booth Editor
ATLANTA - Hall County and Blairsville are among five local governments awarded financing for water and wastewater infrastructure improvements by the Georgia Environmental Finance Authority (GEFA) executive committee Tuesday.
Hall County's Georgia Fund loan totals $1.2 million for building a 20,000 gallon-per-day facility to treat leachate water from the Candler Road landfill.
According to GEFA, the leachate will be treated and used for dust control on the 90-acre site.
The ten-year loan has a 1.2 percent interest rate. The loan amount is the total projected cost for the project, according to GEFA.
In Blairsville the money totals $1.693 million and is a Drinking Water State Revolving Fund loan.
The city use for the money is two-fold. Crews are expected to upgrade undersized and aging waterlines along Pat Haralson Memorial Drive and Deep South Farm Road. The money is also earmarked for new water meters for the city's 1310 customers. It will be a wireless automatic smart reading system according to GEFA.
Blairsville will pay .50 percent interest on the 20-year loan, which includes principal forgiveness of up to $423,250 if all loan funds are drawn. The lower rate is because the projects are considered water conservation work.
Other entities receiving financing approval Tuesday were the cities of Calhoun and LaGrange and Floyd County.
#2 Jul 9, 2013
So in other words the taxpayers are going to have to pay back a big loan so the hospital can get a new water line.
#3 Jul 9, 2013
Another good reason to elect a new mayor. The old mayor has become big at spending especially here in the last year. Just how are the residence and business going keep up with the street scape expenses the building purchases and now this.
Time to hold onto my shirt and pants and move out of the city.
#4 Jul 9, 2013
But a third of it is free, it you promise to manage to spend all of it. Crazy world ain't it. I wish my credit card worked that way.
#5 Jul 9, 2013
$1.693 million to upgrade some waterlines. Who knew running a ditch witch paid so good!
#6 Jul 9, 2013
You realize that this "awarded financing" is basically no different that you or I opening up the mail and receiving another low interest rate Credit Card offer. Shoot I get several a week.
When will some people learn that just because you got it - don't mean you gotta run out and spend it! Repeat after me, FISCAL DISCIPLINE.
#7 Jul 11, 2013
So you see no need to replace old, and undersize water lines?
would you like to see us go back to private wells and septic tanks?
while we are at it why do we need paved roads. Just think of all the money that can be saved.
#8 Jul 11, 2013
Who knew that people could be so dense that they can't grasp a simple concept.
I AM NOT suggesting old underline water lines be replaced. I am suggesting that it is possible that the problem, the "oldness" and the "undersizedness" could be exagerated. I really do not know. That wasn't my main objection, although I do think that needs verification before work commences. If they are going to borrow that much money and put the taxpayer on the hook for it - I'd like to see the facts about why this is needed, current condition, evidence of existing problems this would fix etc.
MY MAIN POINT was in fisal responsibility. So lets break this down:
EXPENSE 1: New Automatic Water Meter Readers. Are they really needed? I imagine that the argument will be that it will save time and money. Well, looks like a substantial amount of money is going to be SPENT. The primary place I see a savings is that a Human Water Meter Reader is getting ready to get fired. This is an example of technology killing yet another job. I imagine that you could pay many many many annual salaries of the Man or Woman who is currently reading the meters - instead of sending the money out of county to a meter manufacturer somewhere. And have to borrow the money to do it!!! You are borrowing money to kill a local job, or several!
EXPENSE 2: The actual replacement of pipes. IF IF IF the pipes actually do need replacing, I think that if the county was forced to actually do a fiscally responsible budget, then maybe they would bid the jobs tighter, and be a little less carefree about throwing citizen money around. Let me make it clear that I am a firm believer in Infrastructure Spending. I actually think that it is one of the primary things Tax Money should be used for. When you have a Budget that you have to stick to - you are forced to spend the money on things like Infrastructure, and you watch those pennies while you are doing it. But when you can just endlessly borrow money, or push through another penny tax here or there - all you are doing is building more unrestrained debt. Debt eventually comes home to roost - on your children, or simply crushes everything you have tried to accomplish. Slow and steady with a fiscally responsible plan is how average citizens work hard and build themselves up through a life cycle. County Governments should follow the same principal.
#9 Jul 11, 2013
We don't need no stinkin water lines.
I know that because ... well just because.
We don't want to have to replay only 2/3 of what we borrow.
We want to repay all 3/3 if that loan, not have any 1/3 forgiven.
Forgiving debt and low interest rates ------- now that is liberal Democrap stuff if I've ever seen it.
We don't want to get no 0.5 % interest rate.
If'n we need to borrow the money to fix them old lines we want to pay 6X that interest rate.
Them people in that hospital are there on those liberal Democrap Medicare and Medicaid anyway -and we hate Democraps---- so they don't deserve no water anyway.
Calm Down ----- Just having fun.
By the way ----
Don't blame IO for this post - I borrowed his iPhone while we were all at breakfast. He does not approve this post - or even know about it ---- yet.
#10 Jul 11, 2013
Mad Dog Opinion is at it again.
#11 Jul 11, 2013
A simple way to see if water lines need replacing is how many breaks have their been in the last couple of years. The meters could be a asset if they do away with the current jobs but they want. Our city govt. is about as efficient as an old steam engine. No money is spent on roads or storm drainage or any other infrastructure. Grass mowing and the such is done by inmates and the city employees ride around in pickups just wasting time and waiting for 5 o'clock. It is time for some responsible leaders in this town and get rid of the yes people we currently have.
#12 Jul 11, 2013
I know for a fact the water line on Deep south Farm rd is a 2 inch water line, gravity fed. Pretty much the same for Pat Haralson.
Both lines are appox 20-25 years old.
My wish is Fire hydrants will be placed as the line is replaced.
The rest of your post, I have no opinion about.
Since: Dec 10
#13 Jul 11, 2013
You are incorrect about no money being spent on roads. Go check out the roads in Dick Bells Subdivision. Ivy Log Estate. There is plenty of road work being done. You just have to have the right ties to the commissioner.
#14 Jul 11, 2013
As I have said before - I support tax dollars for infrastructure. That is the interesting thing - I think most people do, both Republican and Democrats included.
The issue is whether you find hte money to do it out of the money you have (by making tough choices, tough bids, cutting out bad expenditures elsewhere, tightening county salaries, etc) or whether you go charging it all up on a credit card. A BIG Credit card.
I mean - just how much does it cost to lay a few miles of larger pipe, and put in some firehydrants? My guess is it could be done for less than what the citizens will ultimately be indebted for.
Remember the Pole Barn? Lamar has already stated FUTURE SPOSTS will need to be implemented to pay off that.
Listen, the real issue is this...
When you get yourself so deep into a hole that you are fored into a cyclical spiral, that you are FORCED to keep borrowing money just to pay of the old loans - then somewhere somebody spent to much.
It's that time now - and it's time to start cutting, and deciding what to do without. Sometimes it takes a plan to retire debt. Taking out more loans, and then overspending the money, is NOT one of those plans that works.
And here is one last comparison - because the suggestion keeps raising that this should be done simply because we may not have to pay the entire loan off.
That sounds like the wife that comes home to her husband loaded down with packages and shopping bags. As his heart sinks, she gleefully informs him, "Lookee! Everything was 25% off today at Macy's! I just saved us $500!!!!
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