.

Roswell Schedules Water Plant Informational Meetings

The city will hold two public meetings to discuss a potential new water plant on March 19.

Roswell city staff will soon hold two informational open house meetings about the potential of building a new water plant.

The meetings, to be held March 19, will allow city staff to make a brief presentation on water service improvements and answer questions about the new plant from the public.

Roswell’s current water plant is nearly 80 years old and needs to be replaced, according to the city. . The city has released an analysis which forecasts a new water plant, costing $15.9 million to build, will actually save Roswell water ratepayers $11.6 million over a 20-year period in water purchases from Fulton County, as well as repair and refurbishment costs needed for the old plant.

The city is proposing to obtain a 20-year Georgia Environmental Finance Authority loan to pay for the new facility. Because of Roswell’s current AAA bond rating the loan can be secured at a 1.13 percent interest rate. That rate, paired with financial savings from improvements to water services, shows water rates for Roswell water customers would only need to increase by $1 per month to assist in covering the remaining costs of building a new water plant, according to the city.

But not every one agrees with the plan. , wondering instead why the city is in the business of supplying water to local residents at all.

The meetings are scheduled for Monday, March 19 from noon to 1:30 p.m. and again from 5 p.m. to 7 p.m. at . For more information about the new water plant, visit the city’s website.

Dan March 09, 2012 at 03:04 PM
This should be a lively debate.
Lee Fleck March 10, 2012 at 01:39 AM
Until the rate analysis is presented to show the proposed financial impact of a rate "increase by $1 per month" for water ratepayers there remain serious questions relative to the Water Fund remaining a self funded enterprise.
Lee Fleck April 07, 2012 at 03:18 AM
Kay Love announced a $90,000 annual discrepance in the debt service for the proposed new water palnt. Instead of the city securing a 1.3% interest on the nearly $15 million loan the interest rate will in fact be one percentage point higher. I have also been advised the there will be additional public hearings in the near future.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something