Wednesday, January 09, 2013

Oconee County Commissioners Approve New Debt for Hard Labor Creek Regional Reservoir

Treatment Plant On Hold

The Oconee County Board of Commissioners voted unanimously last night to approve loan documents from the Georgia Environmental Finance Authority (GEFA) that add $5.8 million in new county debt for construction of the Hard Labor Creek Regional Reservoir in Walton County.

The BOC took the action following a financial analysis by County Administrative Officer Jeff Benko showing that the county can handle this and all future debt for the reservoir and other projects without a water rate increase, though he did not guarantee that a rate increase would not be necessary in the future.