The Dalton-Whitfield County Joint Development Authority approved the sale of approximately $3.6 million in bonds on Tuesday.
Board chairman Chuck Dobbins said the bonds will reimburse Whitfield County for its investment in the commerce park just off the South Bypass that will be the site of floormaker IVC as well as for money the county has pledged to Dalton Utilities to extend sewer to the I-75 interchange at Tunnel Hill.
The JDA sold the 10-year bonds to Bank of America, which was the low bidder, at 3.63 percent interest.
Whitfield County will pay the principal and interest on the bonds.
County administrator Bob McLeod said the bonds will allow the county to preserve its fund balance and use that money for future projects.
“The Board of Commissioners will be discussing some of those projects in meetings in coming weeks,” he said.
Commissioners must approve an intergovernmental agreement with the JDA for the bonds, and they are scheduled to vote on that at their next meeting.
Local News
December 1, 2009
JDA approves sale of bonds
- Local News
-
-
‘Go Build Georgia’ tours to talk skilled worker shortage
Tricia Pridemore, center, executive director of the Governor’s Office of Workforce Development, speaks to Henry Kelly, left, and Ann Kaiser, both with Georgia Power, Tuesday night at the Northwest Georgia College and Career Academy. (Misty Watson/The Daily Citizen)
16,500.
Continued ...
That’s the number of skilled craft job opportunities expected to open in Georgia over the next year. The number of people trained to fill them? - DSC professor charged with more child sex abuse counts
- Blevins gets nod as new judge
- ‘My boys lost the only uncle they ever had’
- Commission to decide soon on Dalton, Whitfield merger
- Severe Weather Awareness Week: Lightning safety
- Feb 8, 2012
- Shugart to feature traffic control devices
- Get your blood typed today
- DSC professor charged with more child sex abuse counts
- Science laboratory at Tunnel Hill Elementary
- Nine pounds of meth seized
- Hogan: More freeport exemptions would mean borrowing money
- New fields set to open at James Brown Park
- Feb 7, 2012
- Photo released of jewelry theft suspect
- Agenda for Friday's Dalton Board of Education retreat
-
Obama Gives Education Waivers to 10 States
Giffords Aide to Run for Her Seat
LA School in Sex Abuse Scandal Reopens
Winter Slamming North Asia, Parts of Europe
Syrian Forces Renew Bombardment of Homs
States, Banks Reach Foreclosure-abuse Settlement
Raw Video: Italy's Mount Etna Bursts Into Life
Greeks March; Angry Despite Debt Deal
Raw Video: U.S. Pullout Celebration
Raw Video: Annual Empire State Building Run-Up
Man Killed in Courthouse Shootout
Air Force Airlines: Leaders Get Polished Service
Ga Girl Fights Off Kidnapper at Walmart
Nevada Highway Patrol, City Settle Beating Case
Homs Bombardment Continues, Global Outcry Grows
Raw Video: Dog Rescued From Icy Colo. Water
Skip the Coffee Cup and Inhale Your Caffeine Fix
