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Authority advances AKB sewer project financing after confirming GMP and bond timetable
Summary
The Spalding County Water authority reported a guaranteed maximum price for the AKB progressive design-build sewer project and moved forward with bond steps including a required financial feasibility study and court calendar scheduling.
The Spalding County Water and Sewage Facilities Authority received updates on the AKB progressive design-build sewer project and took steps to complete bond financing documents at its April 16 meeting.
General Manager Johnson told the board the submitted Guaranteed Maximum Price (GMP) for the AKB project is $19,458,235; that figure includes an approximately $1,995,000 previously committed for phase 2A. The manager said the authority…
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