Reservoir agreement still uncertain

Wed, 06/13/2007 - 4:06pm
By: Ben Nelms

It was one of those back and forth things with everyone standing their ground. South Fulton Municipal Regional Water & Sewer Authority hit another impasse Tuesday over the question of what to do with the funds that will come from refinancing the authority’s $41.7 million bond.

The 2003 bond is to be used to construct a reservoir and provide drinking water to Union City, Fairburn and Palmetto.

A motion by Fairburn representatives to refinance the bond and use the additional funds to pay off the bond debt was defeated by a 3-4 vote. That motion was followed by another by Palmetto and Union City representatives to refinance the bond and utilize the new money for authority projects. That motion passed on a 4-3 vote.

The ball is now in Fairburn’s hands, with the city council expected to take up the issue at a called meeting sometime later this month.

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