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Spalding County water authority schedules bond timeline, reports sewer easement progress and hydrant maintenance delay
Summary
The Spalding County Water and Sewage Facilities Authority told members it will receive a Moody's rating June 2 and needs a special called meeting June 11 to adopt a supplemental bond resolution; staff also reported six of 12 sewer easements closed and that fire-hydrant maintenance is behind schedule.
The Spalding County Water and Sewage Facilities Authority said it will receive a Moody's bond rating on June 2 and that Raymond James will price the authority's 2025 bond series on June 10, prompting staff to request a special called meeting on June 11 so the board can adopt a supplemental bond resolution.
The authority’s general manager told the board that, on projects, staff had closed six of 12 easements or land acquisitions for a sewer project and expected additional closings but that “a couple of them are…causing us some heartburn.” The manager said easement acquisition was moving “speedily” and that staff expects to meet a July 18 deadline for the related work.
The manager also reported the authority’s fire hydrant maintenance program was 34% complete as of the prior Friday and that crews were behind schedule in the six‑month window. He said he remained confident the work would be completed by the end of the calendar year but conceded some maintenance “may go into 7 months.”
Board members were told the June 2 rating and June 10 pricing would require a special called meeting in the 12‑hour window after pricing; staff recommended converting a planned finance‑committee meeting on June 11 to a special called meeting to adopt the supplemental bond resolution. The general manager later reiterated that the June 11 special called meeting would be needed so the authority could execute bond proceeds and approve guaranteed maximum price (GMP) costs once proceeds settled.
Board members asked clarifying questions about schedule risk and data availability for an earlier special meeting; staff warned that some reports might not be available if the regular monthly meeting were moved earlier. No formal vote was required at the meeting to schedule the special called meeting; the manager's report was accepted as presented.
Why it matters: the bond schedule and easement acquisitions affect the authority’s ability to fund and construct sewer projects and to execute contracts that depend on bond proceeds. Delays in hydrant maintenance could affect system reliability and compliance with internal schedules.
The board took no action at the meeting to adopt the bond resolution; staff will return with the supplemental bond resolution for formal action at the special called meeting to be scheduled in early June.
