Government

PTC to sell $6M bonds for repairs, refinancing

To fund necessary repairs and upgrades at city owned facilities and re-finance two existing loans, the Peachtree City Council Thursday night approved the sale of $6 million in revenue bonds.

The bond issue will cover $3 million in improvements and the refinancing of two existing loans.

The city got an outstanding interest rate of 2.16 percent, thanks to the city’s excellent credit rating, officials said. And when paired with the payoff of another bond series earlier this year, the net increase on debt service is only $165,000 a year, according to Finance Director Paul Salvatore. Read More»

Planners to vote on TDK plant expansion

A proposal to add a 40,000 square foot expansion to TDK’s facility on TDK Boulevard near Ga. Highway 74 South will be considered by the Peachtree City Planning Commission Monday night.

The expansion will allow the company to consolidate its warehouse and shipping activities, TDK representatives have said.

The conceptual site plan for the existing TDK facility shows the proposed addition of approximately 40,000 square feet that will be similar in design to the existing structure, city Planning and Zoning Administrator David Rast has said. Read More»

PTC saving on roof work, but bubble cost to rise

Peachtree City will be saving a significant amount of money using a new process to repair the roofs of two buildings instead of replacing them. Read More»

PTC to add two new staffers

Peachtree City has hired two additional employees, although one of the new positions will expire after a year.

A 30-hour a week intern has been brought on for the city’s planning department to help reduce a backlog of matters that must be dealt with, city officials said. That intern is being hired on a 1-year contract, and the total cost including salary and benefits is $29,571. Read More»

Seabaugh leaves state Senate to become deputy state treasurer

It has been more than a decade since Mitch Seabaugh was elected to the state Senate seat for District 28. That time came to an end Oct. 3 when Seabaugh resigned his seat when he received an appointment by Gov. Nathan Deal to become the Georgia Deputy State Treasurer.

Gov. Deal on Oct. 3 announced that Seabaugh had been appointed deputy state treasurer and that Steve McCoy, who had served as deputy treasurer, would move into the position as Georgia State Treasurer.

Seabaugh could not be reached for comment on the announcement. Read More»

Coweta says ‘no’ to Sharpsburg water request

The Town of Sharpsburg for some time has been talking about needing additional water lines into the municipality. To that end, Mayor Wendell Staley on Oct. 4 made a formal water service request to the Coweta County Water and Sewerage Authority (CCWSA) to install a water meter on Ga. Highway 16. It was a request that required action by the Coweta County Commission, a request that commissioners denied with little discussion. Read More»

Two announce intent to fill Seabaugh’s Senate seat

The vacancy for the District 28 Senate seat that came with Sen. Mitch Seabaugh’s transition on Oct. 3 as Georgia Deputy State Treasurer led to the announcement by Gov. Nathan Deal that a non-partisan special election to fill the seat will be held Nov. 8. The announcement quickly resulted in Coweta residents Matt Brass and Duke C. Blackburn, Jr. stating their intention to run for the seat.

Georgia Secretary of State Brian Kemp Oct. 3 announced receipt of Gov. Deal’s Writ of Election setting Nov. 8 as the date for the special election to fill the vacancy in State Senate District 28. Read More»

Fayette school board to appoint volunteer to fill Post 5

Want to serve on the Fayette County Board of Education for the next three years?

Drop off a résumé by Halloween. One catch: You have to live in the Post 5 geographic area.

The need to fill the seat of Fayette County Board of Education Post 5 member Sam Tolbert — who passed away in September — will be accomplished in the coming days by soliciting information from interested citizens who live in the Post 5 area. The new board member will be appointed by a majority vote of the four remaining board members and will serve through the full unexpired term that extends through the end of 2014. Read More»

PTC sewer board nixes raises

The 26 employees of Peachtree City’s sewer system will not see any cost of living or merit increases this year.

That’s because the city Water and Sewer Authority voted unanimously to ditch the increases for the 2011-2012 budget year. That move will save $56,623.

The vote came at the end of a protracted discussion about one authority member’s calculations of the year-to-year increase in employee benefits. Read More»

PTC eyes OK of $6 million loan for bubble, repairs, loan re-fi

To fund necessary repairs and upgrades at city-owned facilities and finance two existing loans, the Peachtree City Council is expected to sign off on a revenue bond for up to $6 million at its regular meeting Thursday night.

The bond will include $3 million in improvements and the refinancing of two loans totaling $6 million. The loan refinancing will save the city a projected $148,000, officials said.

The city will be on the hook for repaying the bonds, with the debt service for the bonds and refinancing estimated to cost $634,000 a year over a 10-year period. Read More»

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