Roswell Schedules First Work Session on New Water Plant

First public work session on Roswell's new and expensive water plant is Monday, Feb. 27.

As a water professional I believe that I have some knowledge and experience worth sharing.

First and foremost, all financial transactions related to the existing Dobbs Street water plant are included within Roswell’s Water Enterprise Fund. This is a self-funded enterprise and all the costs associated with the maintenance and operations of that plant are to be borne exclusively by its customers through the rate charged for water.

A new plant is projected to cost in the vicinity of $15 million and to date the city has yet to decide whether the loan will be for 10 or 20 years. Adding to that initial expense, there could be  4.5 percent to 5 percent interest rate compounded over the life of the loan, adding additional interest costs of some half a million dollars.  That totals appx. $15.5 million divided among ONLY 5,600 customer accounts! 

Keep in mind that the cost of this new plant is to be funded using a “revenue” bond that can unilaterally be passed by Roswell City Council without voter approval and a revenue bond can only be secured with guaranteed REVENUES, which will undoubtedly come from higher utility rates. 

Maybe, just maybe, the most critical information, like an actual "RATE ANALYSIS," will be forthcoming at that initial presentation to be held tonight at 8 p.m. in Room 220 immediately following the regular meeting.

I will follow and report on the proposed water plant expansion project going forward.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Lee Fleck February 28, 2012 at 09:49 PM
Roswell's water bill increase of $2.50 per month is ONLY the first installment to pay for the proposed $14.5 million bond. Learn more at the public hearing on March 19th.
Lee Fleck February 29, 2012 at 08:15 PM
Link to Roswell Water Plant info & Site location. http://roswell.legistar.com/MeetingDetail.aspx?ID=186404&GUID=190E4AED-457F-48A2-BD70-30313FCF3B8B&Options=info|&Search
Lisa March 05, 2012 at 03:15 PM
Just checked out the power point. So they can take Park Land and put a water tower to serve 5600 homes, but can't take Park Land for a Fire Station??? Something is wrong here.
Michael Vickery March 05, 2012 at 04:27 PM
Thanks Lee for posting this information about the Water Plant. My home backs up to the Softball filed the City wants to build the water storage tank. I purchased my home 22 years ago and one of the main reasons was the use of the park / green space along with the thought that this space would remain a park. I will get this out to my neighborhood and the meetings.
Lee Fleck March 05, 2012 at 05:25 PM
"The right of freely examining public characters and measures, and of free communication among the people thereon ... has ever been justly deemed the only effectual guardian of every other right." --James Madison, Virginia Resolutions, 1798


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