SUBSTITUTE
Public Hearing: YES ? NO ? Department: Finance
SUBJECT:
Title
Commission District(s): All Districts
Adoption Of (1) The Attached Resolution Approving 10% Rate Increase No Earlier Than May 1 for the Year 2025, and Nine Additional Increases in the Amount of 10% Each , Which Shall Become Effective on Each January 1, Beginning January 1, 2026 Through and Including January 1, 2034, and (2) the Attached Series 2025 Bond Resolution Authorizing the Issuance by the County of not to Exceed $450 Million in Total Par Amount of Its Water and Sewerage Revenue Bonds, for the Purpose of Rehabilitating of the Scott Candler Water Treatment Facility and Other Crucial Water and Sewerage Projects, for the Department of Watershed Management (DWM) CIP.
Body
Information Contact: Dianne McNabb, Chief Financial Officer, & Robert Atkins, Treasurer
Phone Number: 404-304-4736 & 678-910-5638
PURPOSE:
To adopt (1) the attached Resolution approving 10% rate increase no earlier than May 1 for the year 2025, and nine additional increases in the amount of 10% each , which shall become effective on each January 1, beginning January 1, 2026 through and including January 1, 2034, and (2) the attached Series 2025 Bond Resolution authorizing the issuance by the County of not to exceed $450 million in total par amount of its water and sewerage revenue bonds, for the purpose of rehabilitating of the Scott Candler Water Treatment Facility and other crucial water and sewerage projects, for the Department of Watershed Management (DWM) CIP.
NEED/IMPACT:
The authorization of the rate increases and 2025 bond issue will enable the County to fund (paygo) and finance the cost of the acquisition, construction and equipping of certain improvements to the County's water and sewerage system, the priorities being 1) the rehabilitation of the Scott Candler Water Treatment Facility and 2) other crucial projects, including continuing to fulfill consen...
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