PTC to get $2.55M for capital projects
The Peachtree City Council is expected Thursday night to approve a $2.55 million loan for various capital improvements.
Among the projects are $700,000 to finish the renovation of the police department headquarters, $365,000 to repair foundation issues at City Hall and $229,000 to resurface the parking lot at City Hall.
The city will use the Braelinn (Weber) and Kedron (Satterthwaite) fire stations as collateral for the loan. The stations which technically will be sold as part of the deal and repurchased over the 15-year life of the loan.
The lion’s share of the remaining funds are earmarked for improvements at the city’s four fire stations. The biggest such project will be at the Kedron station off Crabapple Lane which will be remodeled and expanded with the addition of a sewer connection to replace the current septic system. The price tag for that project is $411,000.
Neely station, located on Peachtree Parkway near Ga. Highway 54, will get a new roof, a redesigned HVAC system, new exterior paint and driveway and parking lot repairs for a total of $232,000 in work.
Weber station, located in the Braelinn area off south Peachtree Parkway, will get a new sewer connection to replace the septic service and also driveway and parking lot repairs for a total cost of $132,413.
Leach station, which is the newest, is only slated for driveway and parking lot repairs at $75,000. It is located off Paschal Road near Ga. Highway 74.
Other projects funded by the loan include the installation of a proximity security card system at City Hall, installation of a new exterior seal coating at City Hall and renovations to the city’s community development office.