Tag Archives: Georgia Environmental Finance Authority

Packet: Proposed Annual Budget, City of Valdosta, FY 2025, for Budget Meeting 2024-05-22

In this Proposed Annual Budget for the City of Valdosta Budget Meeting Wednesday afternoon, 3-8 PM, there are two bond series, one refinancing, the other new, both for water and sewer improvements.

Apparently the city has previously financed more than $32 million in loans from the Georgia Environmental Finance Authority (GEFA), and last year floated a bond at a lower interest rate for about $22 million still to be paid.

Even more interesting, if I am reading it correctly, this budget proposes a new bond for $67 million.

Maybe the Valdosta City government is getting more serious about fixing their sewer system problems.

This is all in addition to the water and sewer improvements paid for by Special Local Option Sales Tax (SPLOST) line items, by American Rescue Plan Act (ARPA) funds, or from other revenue; see below.

[Extracts, Proposed FY 2025 City of Valdosta Budget]
Extracts, Proposed FY 2025 City of Valdosta Budget

W&S 2020 Bond Series

  • Purpose: Refinance GEFA notes at a lower interest rate
  • Maturity Date: 2033
  • Original Principal Amount: $32,134,000; July 1, 2023, Principal Outstanding $22,264,065
  • Interest Rate: 2.29%
  • Funding Source: Water and Sewer Revenue Fund

Pending for FY 25 – estimate
W&S 2024 Bond Series

  • Purpose: Upgrades Water and Sewer
  • Maturity Date: 2054
  • Original Principal Amount: $67,000,000; July 1, 2023, Principal Outstanding $67,000,000
  • Interest Rate: 4.5%
  • Funding Source: Water and Sewer Revenue Fund

See page 49, Debt Service, FY 2025, City of Valdosta. Continue reading →

Packet: Lead Service Line Inventory and MCWTP Micro Screen, Lakeland Ave. Stormwater, New water wells @ VCC 2024-01-25

The board packet for tonight’s Valdosta City Council meeting, full of wastewater, stormwater, and trash items, is on the LAKE website, all 137 pages of it.

The packet includes some details about the proposed Lakeland Avenue Regional Stormwater Facility, which is item 5.c) on the agenda.

[Collage, Valdosta City Council Packet 2024-01-25]
Collage, Valdosta City Council Packet 2024-01-25

If you can’t attend in person, you can watch it on facebook live on Valdosta, A City Without Limits.
https://www.facebook.com/CityofValdosta

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Investigative reporting costs money, for open records requests, copying, web hosting, gasoline, and cameras, and with sufficient funds we can pay students to do further research. You can donate to LAKE today!
http://www.l-a-k-e.org/blog/donate

Agenda: Lead Service Line Inventory and MCWTP Micro Screen, Lakeland Ave. Stormwater, New water wells @ VCC 2024-01-25

Update 2024-01-25: Packet: Lead Service Line Inventory and MCWTP Micro Screen, Lakeland Ave. Stormwater, New water wells @ VCC 2024-01-25.

Tonight’s Valdosta City Council agenda is full of wastewater, stormwater, and trash items.

[Agenda, Valdosta City Council, 2024-01-25 and Lakeland Avenue map]
Agenda, Valdosta City Council, 2024-01-25 and Lakeland Avenue map

If you can’t attend in person, you can watch it on facebook live on Valdosta, A City Without Limits.
https://www.facebook.com/CityofValdosta

Here is the agenda.

[Agenda, Valdosta City Council, 2024-01-25]
Agenda, Valdosta City Council, 2024-01-25
PDF

AGENDA
REGULAR MEETING OF THE VALDOSTA CITY COUNCIL
5:30 PM Thursday, January 25, 2024
CITY HALL, COUNCIL CHAMBERS

Continue reading →

Roads, Water, and Taxes @ LCC 2021-02-22

Four million dollars in tax money discussed this morning, to be voted on at 5:30 PM tomorrow (Tuesday) by the Lowndes County Commission.

[Table: Four Million Dollars]
Table: Four Million Dollars

Yet their video cameras seem to be broken and I haven’t seen anything about paying to fix them or buy new ones. Meanwhile, Valdosta City Council started online through an iphone, and numerous other counties in Georgia and Florida have made their meetings accessible online.

Cost What
$1,974,139.00Georgia Environmental Finance Authority (GEFA) Loan Application for the Lake Park Bellville Road Widening Project
$1,875,000.00 Georgia Environmental Finance Authority (GEFA) Loan Application for Lift Station & Manhole Rehab Project
$219,000.00Approve Purchase of West Savannah Avenue and Briggs Street Properties
$168,880.00Purchase of Wetland and Stream Credits for Old US 41 North Widening Project
$59,500.00Contract with Condrey and Associates, Inc.
$34,024.64Request for the Purchase of Motorola Radios for Public Works
$19,167.00 Approval of the Solicitor General’s VAWA Competitive Grant Award
$10,195.00Approval of Hightower Road and Cooper Road Right of Way Purchases
$6,000.00GMASS Rural Land Maintenance Contract
$339.00Just Compensation – Right of Way Parcel 10 Hightower Road and Cooper Road, TSPLOST Project
$4,366,244.64Total

We don’t know where are the lift stations or manholes to be financed through a GEFA loan for $1,875,000, but I’d say that’s a good use of funds. Not so sure about the $1,974,139 for relocating utilities for widening Lake Park Bellville Road, because I’m not clear on why that road needs widening. I do wonder why sewer and drinking water improvements have to be funded through loans while road building gets tax funds.

Here is the agenda. The board packet is on the LAKE website, received Friday in response to a LAKE Open Records request.

LOWNDES COUNTY BOARD OF COMMISSIONERS
PROPOSED AGENDA
WORK SESSION, MONDAY, FEBRUARY 22, 2021, 8:30 a.m.
REGULAR SESSION, TUESDAY, FEBRUARY 23, 2021, 5:30 p.m.
327 N. Ashley Street – 2nd Floor

Continue reading →

Videos: Jury, Paving, and GEFA in Work Session @ LCC 2019-09-23

The Lowndes County Commission spent nine minutes yesterday morning discussing spending $124,454 and borrowing $1,734,000. They vote this evening at 5:30 PM.

The county has now gotten up to not just demanding landowners give road right of way to the county, but also condemning property if they don’t get it donated.

The longest item at less than two minutes was 6.d. Request for Professional Engineering Services Proposals – CDBG. As Gretchen remarks in the notes, apparently this is in support of Arglas, the Japanese glass products manufacturer locating on Rocky Ford Road.

Second longest was 7.b. Bid for a Breathing Air System for the Fire Department, due to a question by a Commissioner.

Below are Continue reading →

Jury, Paving, and GEFA in LCC Packet @ LCC 2019-09-23

Lowndes County staff are proposing to spend $124,454, according to all the “BUDGET IMPACT”s board packet: $48,500 for a Jury Management System, $1,469.00 for Condemning ROW for Howell Lane Paving Project, $3,500.00 (approx.) for Second Modification of GEFA Loan Agreement, and for the Fire Department $29,195.00 for a 1/2 Ton Truck and $41,790.00 for a Breathing Air System.

[Survey plat: Revised County RoW for Howell Lane]
Survey plat: Revised County RoW for Howell Lane

They propose to borrow $1,734,000 from the Georgia Environmental Finance Authority (GEFA).

The Lowndes County Commission discusses Monday morning at 8:30 AM. They vote 5:30 PM Tuesday.

[Project Budget]
GEFA Loan Agreement Project Budget

For the first time ever! Lowndes County has returned the board packet before the Work Session.

LAKE sent an open records request Tuesday, and the county actually supplied the packet Friday, with this note: Continue reading →