VALDOSTA — As part of an intergovernmental agreement with the Lowndes County Board of Commissioners, the Valdosta-Lowndes County Industrial Authority approved the issuance of $14.5 million in taxable revenue bonds to fund the purchase of real estate during its regular meeting Tuesday evening.
Before making a decision, the Authority heard from Tom Owens of Morgan Keegan & Co. Inc., the underwriter of the bond and the bond attorney, Glenn Thomson of Alston & Bird, LLP, who is a representing the Authority. Attorney Walter Elliot also attended on behalf of the county.
Under the 15-year agreement, which was introduced during a special called meeting in September, Lowndes County will provide 1 mill property revenue to the Industrial Authority as a means of funding for the purchase of property.
Authority member Gary Minchew maintained his belief that the Authority was rushing the issue and questioned the urgency. Authority member John Peeples contended that nothing should hinder the Authority from moving forward now so that it will be in a position to buy real estate.
Ultimately, a motion to approve the bond issuance, contingent on the county’s approval, was carried 3 to 1.
In other business, the Authority approved the purchase of the Copeland lot adjacent to the old Board of Elections Office, which the Authority is considering for relocation.
The purchase will be made pending an asbestos study of the Copeland site as well as permission from the city and county to relocate into the old Board of Elections Office.
Other items discussed include:
• The new Web site design. The new GIS portion will allow brokers and developers to populate the Web site with vacant commercial property pictures and information. Companies from all over the nation will be able to view specific vacant properties based on information they submit about sites they prefer.
• The Authority has received several applications from local students interested in serving on the Industrial Authority Ambassador Board. Peeples and Executive Director Brad Lofton plan to meet soon to review applications.
• The Home Depot distribution facility is nearing completion and racking is being installed. Hiring is scheduled to begin the first quarter of 2009. The Industrial Authority staff will be presented with a $1 million OneGeorgia Edge Grant check for the distribution center at the OneGeorgia board meeting next month.
Local News
Authority approves issuance of revenue bonds
- Local News
-
-
Lake Park: Council members resign
Immediately following the Citizens to be Heard portion of the regular Lake Park council meeting Tuesday night, council members Eric Schindler and Paul Mulkey tendered their resignations.
-
Valwood goes global
Valwood School has hosted several international guests for the past several weeks.
-
City cuts ribbon on new home
With a snip of some over-sized wooden scissors, the City of Valdosta took another step in eliminating substandard housing.
-
Berrien clinic director loses job
Speaking to The Valdosta Daily Times about the possible discontinuation of the Berrien Elementary School MED Clinic led to the program’s executive director losing her job Monday morning.
-
From the CIA to man about town
Meet Jack Pruden, former member of the Central Intelligence Agency.
-
Berrien school medical facility faces an uncertain future
A state-of-the-art medical facility that was introduced in Berrien County public schools in 2010 might be ending soon.
-
New TV listings section debuts in print edition
In Sunday editions of The Valdosta Daily Times, keep an eye out for the updated TV listings section.
-
Man shot in Valdosta; police car, ambulance collide
Response to a shooting Saturday afternoon led to a collision between a police vehicle and an ambulance.
-
Annual Father-Daughter Dance enters 16th year
Three-week-old Emmaline Taylor lay contentedly on dad Trey Taylor’s shoulder Friday night, completely oblivious to the sights and sounds of the Father-Daughter Valentine Dance.
Now in its 16th year, the popular annual event is sponsored by Valdosta’s First Presbyterian Church and held at the James H. Rainwater Conference Center.
“We’ve been looking forward to this,” Trey Taylor said. “When we first got pregnant, (my wife Sheya and I) looked to see if she would be here in time for the Father-Daughter Dance.” -
VPD offers online citation payment
The Valdosta Police Department has implemented a new online service to assist traffic violators.
- More Local News Headlines
-
White House Attacks Romney on Birth Control
Homs Bombardment Continues, Global Outcry Grows
Mo. Teen Gets Life Sentence for Killing Girl, 9
Lower-hassle Screening to Be Tested at Airports
Raw Video: Dog Rescued From Icy Colo. Water
Helmet Camera Captures Calif. Fire Rescue
Worker Tells 911: Powell 'exploded the House'
Triple Win: Santorum Takes Minn., Mo., Colo.
Injured Marine Inspired by Homecoming
No Rape Charges Against Son of NYPD Commissioner
Egypt's Ruling Generals Play Risky Game With US
Former Komen Exec Defends Funding Cut
Skip the Coffee Cup and Inhale Your Caffeine Fix
Calif. Gay Marriage Ban Ruled Unconstitutional
Jury Selection for Ex-UVa Athlete Enters 2nd Day
Cab Driver Helps Wis. Family Escape House Fire
Staff Removed at LA School During Abuse Probe
Runaway Goat Leads Police on Wild Chase
