Monday, November 26, 2012

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

Negotiating Something New

The Hard Labor Creek Reservoir Management Board has postponed the dates for approval of a state loan for construction of the 1,400-acre reservoir in southeastern Walton County pending the outcome of negotiations over the language of the loan contracts.

The loan documents as presented to the Board obligate only Walton County to repay the loan, while both Walton County and Oconee County officials expected and want the debt to be split on the agreed-upon ratio of 71/29, with Oconee County the minority partner.