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Paulding Reservoir one step closer to reality GEFA promises 40 year $29.1 million low interest loan Rate Topic: -----

#1 User is offline   PUBBY 

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Posted 01 August 2012 - 03:27 PM

Paulding gets $29.1 million low interest loan to begin construction of Richland Creek Reservoir

The Georgia Environmental Facilities Authority (GEFA) announced today that Paulding has been awarded a long-term (40-year) loan for $29.1 million with which it can begin the construction phase for the Richland Creek Reservoir. This funding represents roughly one-third the projected $86.4 million project.

The project, which was initiated by former Commission Chairman Bill Carruth in the late 1990s, involves the construction of a 305-acre pumped-storage reservoir on Richland Creek in northern Paulding County. Not fed by springs, the reservoir will require a water intake on the Etowah River which is used to fill the reservoir.

Paulding County is designing the reservoir with a projected yield of 35 MGD. The county will supplement funding by providing $57,300,000 in additional money, presumably from revenue bonds. Paulding County will pay zero percent interest for the first three years of construction on the GEFA money; then 1 percent for the remainder of construction, accrued and capitalized; and 1.82 percent during the repayment period once construction is complete. The county will not be charged a closing fee.

The announcement was made by GEFA and is part of a water resource effort by Gov. Nathan Deal who pledged $300 million over four years to improving the state's fresh water resources.

There is no fixed start date for construction on the project. Actual physical work will commence only after all permits are in place and the additional funding is secured.

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#2 User is offline   Proud Independent 

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Posted 01 August 2012 - 04:19 PM

Where is the "I will say no to anything that's good for Paulding County" crowd that told us we would never see the resevoir (Tony Crowe's spelling) be built? Your silence speaks volumes.


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#3 User is offline   Johnny Jacobs 

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Posted 01 August 2012 - 05:32 PM

Sure, Paulding needs a water source. Don't hold your breath waiting on the reservoir to be completed.
The comfort, the inexpressible comfort of feeling safe with a person; having neither to weigh thoughts nor measure words, but to pour them all out, just as they are, chaff and grain together, knowing that a faithful hand will take and sift them, keep what is worth keeping, and then, with a breath of kindness, blow the rest away.
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#4 User is offline   PUBBY 

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Posted 01 August 2012 - 07:37 PM

JJ:

You're wrong. Georgia needs more water sources.

If it weren't for Bill Heath we'd have had one called the west Georgia Regional Water Authority which would have been a bigger, naturally fed lake that Paulding was slated to be a part of.

Of course Bill Heath, probably more than any other person on the face of the earth, cost Haralson county and the state that lake. Why, so he could get gifts without limit, I guess.

I note he hasn't had anything to do with this one. I don't recall him suggesting any efforts on its behalf, which is par for the course.

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Posted 01 August 2012 - 07:52 PM

View PostPUBBY, on 01 August 2012 - 07:37 PM, said:

JJ:

You're wrong. Georgia needs more water sources.

If it weren't for Bill Heath we'd have had one called the west Georgia Regional Water Authority which would have been a bigger, naturally fed lake that Paulding was slated to be a part of.

Of course Bill Heath, probably more than any other person on the face of the earth, cost Haralson county and the state that lake. Why, so he could get gifts without limit, I guess.

I note he hasn't had anything to do with this one. I don't recall him suggesting any efforts on its behalf, which is par for the course.

pubby


You know the lake that provides Atlanta and Fulton County their water is fed like the proposed reservoir for Paulding. Google map Spruil Road Johns Creek, GA.
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#6 User is offline   Johnny Jacobs 

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Posted 01 August 2012 - 07:59 PM

View PostPUBBY, on 01 August 2012 - 07:37 PM, said:

JJ:

You're wrong. Georgia needs more water sources.

If it weren't for Bill Heath we'd have had one called the west Georgia Regional Water Authority which would have been a bigger, naturally fed lake that Paulding was slated to be a part of.

Of course Bill Heath, probably more than any other person on the face of the earth, cost Haralson county and the state that lake. Why, so he could get gifts without limit, I guess.

I note he hasn't had anything to do with this one. I don't recall him suggesting any efforts on its behalf, which is par for the course.

pubby


You mis-understood my comment. I agree we need more water sources. And yes, we should have had the West Ga Regional Water Authority up and operating.
But this one at Richland Creek will be a loooong time in coming to completion.
The comfort, the inexpressible comfort of feeling safe with a person; having neither to weigh thoughts nor measure words, but to pour them all out, just as they are, chaff and grain together, knowing that a faithful hand will take and sift them, keep what is worth keeping, and then, with a breath of kindness, blow the rest away.
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#7 User is offline   dapandlap 

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Posted 01 August 2012 - 08:05 PM

View PostJohnny Jacobs, on 01 August 2012 - 07:59 PM, said:

You mis-understood my comment. I agree we need more water sources. And yes, we should have had the West Ga Regional Water Authority up and operating.
But this one at Richland Creek will be a loooong time in coming to completion.

Which would be more beneficial to Paulding County, the Richland Creek reservoir, or the old proposed toll road that would have crossed close to if not right through the same area?
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#8 User is offline   LPPT 

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Posted 01 August 2012 - 08:20 PM

View Postdapandlap, on 01 August 2012 - 08:05 PM, said:

Which would be more beneficial to Paulding County, the Richland Creek reservoir, or the old proposed toll road that would have crossed close to if not right through the same area?
Um, it was a study, that put that line west of hwy 61, in fact while we saw a handful of imaginary ones, there could have been 20 more. It was a feasibility study.
I played with dozens of scenarios and cost associated with them. Almost ever person living west of 61 had a line drawn through their house or property, yet there would only ever be one road and that would be if it was feasible.

If it were privatized as a toll road, the company would have chosen the least expensive of the routes. Ultimately the price was too high and nobody was interested.
I think it will eventually go back to the original idea of widening 61 with a western bypass around downtown Dallas. Honestly I don't think anyone should hold their breath on this. We are dead last when it comes to getting our fuel tax money.
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Posted 01 August 2012 - 08:39 PM

View Postdapandlap, on 01 August 2012 - 08:05 PM, said:

Which would be more beneficial to Paulding County, the Richland Creek reservoir, or the old proposed toll road that would have crossed close to if not right through the same area?



Well the two aren't necessarily mutually exclusive. You could build a toll road and a bridge to cross the reservoir. ;)
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#10 User is online   Glassdogs 

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Posted 01 August 2012 - 08:59 PM

Could someone please post a link to the reservoir's proposed location? I don't have a clue where it is going to be?
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Posted 01 August 2012 - 09:22 PM

Just found this.
http://coosa.wordpre...-full-of-holes/

View PostGlassdogs, on 01 August 2012 - 08:59 PM, said:

Could someone please post a link to the reservoir's proposed location? I don't have a clue where it is going to be?


links with maps.
http://www.paulding....ex.aspx?nid=919
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#12 User is offline   winston1972 

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Posted 02 August 2012 - 06:34 AM

[quote name='thedeerslayer' timestamp='1343874135' post='3673401']
Just found this.
[url="http://coosa.wordpress.com/2012/01/30/paulding-county-dam-plan-full-of-holes/"]

I truly hope this project doesn't eradicate the population of darters that the article mentions..
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Posted 02 August 2012 - 06:37 AM

yes - darters and alabama mussels should be put way ahead of the needs of man
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Posted 02 August 2012 - 06:49 AM

Funny how all this comes up when there is a runoff between Heath and Carruth......;)
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#15 User is offline   Johnny Jacobs 

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Posted 02 August 2012 - 08:25 AM

View Postwinston1972, on 02 August 2012 - 06:34 AM, said:

Just found this.
[url="http://coosa.wordpress.com/2012/01/30/paulding-county-dam-plan-full-of-holes/"]

I truly hope this project doesn't eradicate the population of darters that the article mentions..


OH, YES! This is the reason a dam and lake could not be put on Pumpkinvine Creek where there IS running water.
The comfort, the inexpressible comfort of feeling safe with a person; having neither to weigh thoughts nor measure words, but to pour them all out, just as they are, chaff and grain together, knowing that a faithful hand will take and sift them, keep what is worth keeping, and then, with a breath of kindness, blow the rest away.
---George Eliot


If I have earned your trust, then I am responsible for keeping that trust intact.
---JohnnyJ
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