County to pick firm to handle fire bond

Thu, 01/08/2009 - 4:12pm
By: John Munford

Coweta County staff planned today to open the proposals submitted by at least two and perhaps three different financial firms on providing services to issue the bonds that will raise money for improvements to the county’s firefighting capabilities.

County Administrator Theron Gay said the county wants to be prepared to move on the bond issuance when the time as right so quick action can be taken.

“We want to get a good feel for the price and the services they can offer,” Gay said.

A committee will be formed to work on the matter including county staff and several commissioners.

Gay noted that the bond market has led to a couple of firms inquiring but ultimately deciding not to submit any proposals.

The bond referendum was approved in November for a $20 million program that will be used to significant improvements such as a new headquarters, a new fire station, two new ladder trucks, two new tanker trucks and a new communications system.

The bond will be paid off over a 20-year period.

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