{"id":20244,"date":"2018-06-25T06:49:57","date_gmt":"2018-06-25T10:49:57","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/?p=20244"},"modified":"2018-06-25T06:58:39","modified_gmt":"2018-06-25T10:58:39","slug":"budget-tax-bonds-parks-land-water-waste-911-lcc-2018-06-25","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2018\/06\/budget-tax-bonds-parks-land-water-waste-911-lcc-2018-06-25.html","title":{"rendered":"Budget, Tax, Bonds, Parks, Land, Water, Waste, 911 @ LCC 2018-06-25"},"content":{"rendered":"

\nA
\n
\nbusy morning’s agenda<\/a>
\nstarts with approving
\n
\na new annual budget<\/a> and related
\n
\nhotel and motel taxes<\/a>.
\nPlus a
\nContract with Valdosta Continuing Land Bank Authority<\/a>.<\/p>\n

\nParks and Rec is negotiating a $3 million loan from Ameris Bank for improvements to Freedom Park<\/a> and wants
\n
\nthe county to guarantee its 1.25 mil tax base<\/a>.<\/p>\n

\nUtilities wants
\n
\nabout $20,000 for impellers and wear rings<\/a> for the pumps in the
\n
\nFrancis Lake Lift Station<\/a> and about $275,000<\/a> to improve the
\n
\nLand Application Site (LAS)<\/a>, where they spray sewer waste onto a field
\nwhich they then rent out for hay production<\/a> (the county does not have a wastewater treatment plant).
\nSee also WWALS blog post<\/a>.<\/p>\n

\nThe mysterious
\n
\nout-of-state apartment bonds<\/a>
\nactually get an explanation<\/a> this time:<\/p>\n

\n

\nThe Board of Commissioners is requested to adopt the attached
\nrevised Resolution approving the issuance of bonds by a Wisconsin
\nPublic Finance Authority. A portion of the proceeds of the bonds
\nwill be used for a project located on Old Statenville Road. The
\nproject is a 204-unit multi-family affordable housing development
\nknown as Brittany Woods & Park Chase Apartments.\n<\/p>\n

\n
\n\"1110<\/a>
\n
\n1150 Old Statenville Road<\/a>, Parcel 0159D 014<\/a>,\n<\/p>\n

\nThe reason for this revised Resolution is<\/p>\n

that the borrower
\ndetermined to finance all of a multi-state project with tax-exempt
\nbonds. This necessitated a new TEFRA hearing and Resolution of the
\nBoard of Commissioners.\n<\/p>\n

\nThe requested Resolution provides the Board of Commissioners’
\napproval of the Authority’s issuance of the bonds is for the sole
\npurpose of complying with certain requirements including federal tax
\nrequirements and that in no event shall the Board of Commissioners’
\napproval constitute an obligation on the part of the Board of
\nCommissioners or Lowndes County.\n<\/p>\n<\/blockquote>\n

\nBut what’s TEFRA?
\n
\nGlossary of Municipal Securities Terms<\/a>, Municipal Securities Rulemaking Board (MSRB):<\/p>\n

\n

\nTEFRA<\/p>\n

\nAcronym for “Tax Equity and Fiscal Responsibility Act”
\nof 1982. As a pre-condition for the exclusion from gross income for
\nfederal income tax purposes of interest on all qualified private
\nactivity bonds, TEFRA requires, among other things, that the issue
\nbe approved (a “TEFRA approval”) either by an elected
\nofficial or body of elected officials of the applicable governmental
\nentity after a public hearing (a “TEFRA hearing”)
\nfollowing reasonable public notice (a “TEFRA notice”) or
\nby voter referendum of such governmental entity.\n<\/p>\n<\/blockquote>\n

\nSo the county is facilitating a tax break for a private developer.
\nWho is this developer, and why are they getting this favor?<\/p>\n

\n

\nLOWNDES COUNTY BOARD OF COMMISSIONERS
\n
\nPROPOSED AGENDA
\n
\nWORK SESSION, MONDAY, JUNE 25, 2018, 8:30 a.m.
\n
\nREGULAR SESSION, TUESDAY, JUNE 26, 2018, 5:30 p.m.
\n
\n327 N. Ashley Street – 2nd Floor\n<\/p>\n

    \n
  1. \nCall to Order<\/a><\/p>\n
  2. \nInvocation<\/a><\/p>\n
  3. \nPledge of Allegiance to the Flag<\/a><\/p>\n
  4. \nMinutes for Approval<\/a><\/p>\n
      \n
    1. \nWork Session- June 11, 2018<\/a>
      \n<\/p>\n
    2. \nRegular Session- June 12, 2018<\/a>
      \n\n<\/ol>\n
    3. \nFor Consideration<\/a><\/p>\n
        \n
      1. \nAdoption of Fiscal Year 2019 Budget<\/a>
        \n
        \n\t\t\tBoard’s Pleasure\t\t<\/p>\n

        \nDocuments:<\/strong>Adoption of Fiscal Year 2019 Budget.pdf<\/a>\n<\/p>\n

      2. \nHotel\/Motel Tax FY 2019 County Budget<\/a>
        \n
        \n\t\t\t1. Approve and authorize the Chairman to sign the attached County Budget Plan\t\t<\/p>\n

        \nDocuments:<\/strong>Hotel Motel Tax FY 2019 County Budget.pdf<\/a>\n<\/p>\n

      3. \nLowndes County 911 Additions and Alterations: New Consoles for the 911 Dispatchers<\/a>
        \n
        \n\t\t\tApproval of console purchase\t\t<\/p>\n

        \nDocuments:<\/strong>Lowndes County 911 Additions and Alterations.pdf<\/a>\n<\/p>\n

      4. \nWisconsin Public Finance Authority Bond Issue<\/a>
        \n
        \n\t\t\tApproval of Resolution \t\t<\/p>\n

        \nDocuments:<\/strong>Wisconsin Public Finance Authority Bond Issue.pdf<\/a>\n<\/p>\n

      5. \nContract with Parks and Recreation Authority<\/a>
        \n
        \n\t\t\tApproval of contract\t\t<\/p>\n

        \nDocuments:<\/strong>Contract with Parks and Recreation Authority.pdf<\/a>\n<\/p>\n

      6. \nContract with Valdosta Continuing Land Bank Authority<\/a>
        \n
        \n\t\t\tApproval of contract\t\t<\/p>\n

        \nDocuments:<\/strong>Contract with Valdosta Continuing Land Bank Authority.pdf<\/a>\n<\/p>\n

      7. \nFrancis Lake Lift Station Repair<\/a>
        \n
        \n\t\t\t Approval of purchase\/repair\t\t<\/p>\n

        \nDocuments:<\/strong>Francis Lake Lift Station Repair.pdf<\/a>\n<\/p>\n<\/ol>\n

      8. \nBid<\/a><\/p>\n
          \n
        1. \nLAS Storage Pond Improvements<\/a>
          \n
          \n\t\t\tAward the contract\t\t<\/p>\n

          \nDocuments:<\/strong>LAS Storage Pond Improvements.pdf<\/a>\n<\/p>\n<\/ol>\n

        2. \nReports – County Manager<\/a><\/p>\n
        3. \nCitizens Wishing to be Heard-Please State Your Name and Address<\/a>
          \n<\/p>\n
        4. \nAdjournment<\/a>\n<\/ol>\n<\/blockquote>\n

          \n -jsq\n<\/p>\n

          Investigative reporting costs money, for open records requests, copying, web hosting, gasoline, and cameras, and with sufficient funds we can pay students to do further research. You can donate to LAKE today<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

          A busy morning’s agenda starts with approving a new annual budget and related hotel and motel taxes. Plus a Contract with Valdosta Continuing Land Bank Authority. Parks and Rec is negotiating a $3 million loan from Ameris Bank for improvements to Freedom Park and wants the county to guarantee its 1.25 mil tax base. Utilities […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,2,20,88,478,3,450,55],"tags":[10098,8704,7806,8701,8699,10,10339,8702,2723,10340,9324,91,7232,12,7,8734,8772,9325,8700,6,8768,8727,90],"class_list":["post-20244","post","type-post","status-publish","format-standard","hentry","category-economy","category-government","category-law","category-lowndes-county-commission","category-solid-waste","category-transparency","category-vlpra","category-water","tag-10098","tag-economy","tag-francis-lake","tag-georgia","tag-government","tag-gretchen-quarterman","tag-june-25","tag-lake","tag-land-application-site","tag-land-bank-authority","tag-las","tag-lcc","tag-lift-station","tag-lowndes-area-knowledge-exchange","tag-lowndes-county","tag-lowndes-county-commission","tag-solid-waste","tag-spray-field","tag-transparency","tag-valdosta","tag-vlpra","tag-water","tag-work-session"],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/20244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=20244"}],"version-history":[{"count":5,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/20244\/revisions"}],"predecessor-version":[{"id":20249,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/20244\/revisions\/20249"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=20244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=20244"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=20244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}